KUALA LUMPUR (Dec 18): theedgemarkets.com
The stocks with positive momentum were:
MNC Wireless Bhd – up half a sen at 5.5 sen
Ralco Corp Bhd – up nine sen at RM1.04
The stocks with negative momentum were:
Berjaya Assets Bhd – up half a sen at 32.5 sen
Cheetah Holdings Bhd – up 10 sen at 69 sen
Cymao Holdings Bhd – up three sen at 93 sen
Eastland Equity Bhd – up one sen at 14.5 sen
GUH Holdings Bhd – up half a sen at 41 sen
Handal Energy Bhd – down 1.5 sen at 25.5 sen
Knusford Bhd – up seven sen at 78 sen
Komarkcorp Bhd – unchanged at RM1.16
Minda Global Bhd – up half a sen at 6.5 sen
Paragon Union Bhd – up three sen at 63 sen
Perak Corp Bhd – up nine sen at 52.5 sen
Puncak Niaga Holdings Bhd – up 4.5 sen at 32.5 sen
Techna-X Bhd – up one sen at 19.5 sen
TFP Solutions Bhd – up two sen at 19 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com