KUALA LUMPUR (Dec 29): theedgemarkets.com highlighted 20 stocks with momentum at Bursa Malaysia’s afternoon close today. Only one stock displayed positive momentum, while 19 showed negative momentum.
The stock with positive momentum was:
Leon Fuat Bhd – up 4.5 sen at 66 sen
The stocks with negative momentum were:
Amalgamated Industrial Steel Bhd (AISB) – up 4.5 sen at 34.5 sen
A-Rank Bhd – up five sen at 63.5 sen
Chin Well Holdings Bhd – unchanged at RM1.15
CN Asia Corp Bhd – up 39 sen at RM1.71
Freight Management Holdings Bhd – up three sen at 93.5 sen
Harn Len Corp Bhd – up 2.5 sen at 74 sen
Hwa Tai Industries Bhd – up 2.5 sen at 42.5 sen
Kumpulan Fima Bhd – up nine sen at RM1.88
LB Aluminium Bhd – up three sen at 74.5 sen
Meridian Bhd – down three sen at 42.5 sen
Mestron Holdings Bhd – up two sen at 23.5 sen
Perusahaan Sadur Timah Malaysia (PERSTIMA) Bhd – up 22 sen at RM4.04
Puncak Niaga Holdings Bhd – up five sen at 45 sen
Sarawak Cable Bhd – up 17 sen at 51.5 sen
Signature International Bhd – up seven sen at 58 sen
Shin Yang Shipping Corp Bhd – up 5.5 sen at 32.5 sen
TAS Offshore Bhd – up 11 sen at 35.5 sen
TMC Life Sciences Bhd – up three sen at 66 sen
YLI Holdings Bhd – up two sen at 45.5 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.