KUALA LUMPUR (Dec 6): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon close today. One showed positive, while the remaining 11 were negative.
The stock with positive momentum was:
LFE Corporation Bhd — up seven sen to 25 sen
The stocks with negative momentum were:
Matang Bhd — up one sen to 8.5 sen
Kretam Holdings Bhd — up 1.5 sen to 41.5 sen
Dutaland Bhd — up one sen to 44.5 sen
WTK Holdings Bhd — up seven sen to 60.5 sen
Protasco Bhd — up 1.5 sen to 33.5 sen
Dolphin International Bhd — up one sen to 14.5 sen
Minho (M) Bhd — up two sen to 28 sen
Puncak Niaga Holdings Bhd — up 2.5 sen to 36 sen
Astral Asia Bhd — up 1.5 sen to 17.5 sen
GSB Group Bhd — unchanged at 20.5 sen
Tek Seng Holdings Bhd — down 0.5 sen to 29.5 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 recommendations. 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 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com