KUALA LUMPUR (Dec 9): theedgemarkets.com highlighted 15 stocks with momentum as at the noon market break today. Two stocks showed positive momentum while the remaining 13 stocks indicated negative momentum.
The stocks with positive momentum were:
LB Aluminium Bhd — up five sen at 66.5 sen
SWS Capital Bhd — up 2.5 sen at 69.5 sen
The stocks with negative momentum were:
Three-A Resources Bhd — up two sen at 97 sen
AirAsia X Bhd — rose three sen at 10 sen
AirAsia Group Bhd — up 5.5 sen at 93.5 sen
A-Rank Bhd — up 2.5 sen at 61 sen
AYS Ventures Bhd — unchanged at 26 sen
BLD Plantation Bhd — down 50 sen at RM7.80
CAB Cakaran Corp Bhd — up 1.5 sen at 43.5 sen
Cymao Holdings Bhd — up 17 sen at 66.5 sen
Enra Group Bhd — up four sen at 74.5 sen
Latitude Tree Holdings Bhd — up 51 sen at RM4.45
Rex Industry Bhd — up 3.5 sen at 23.5 sen
Sasbadi Holdings Bhd — up half a sen at 14 sen
Shin Yang Shipping Corp Bhd — up 1.5 sen at 26 sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher-than-normal volume and price movements.
The share price may move up or down from this point. But the "+ve" (suggesting a rising price trend on volume) and "-ve" (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.