KUALA LUMPUR (Dec 30): theedgemarkets.com highlighted 14 stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed all 14 stocks with negative momentum.
Stocks with negative momentum were:
Revenue Group Bhd — up seven sen at RM1.39
Pinehill Pacific Bhd — up two sen at 53.5 sen
Negri Sembilan Oil Palms Bhd — unchanged at RM3.60
Jaya Tiasa Holdings Bhd — up 2.5 sen at RM1.02
Ta Ann Holdings Bhd — up six sen at RM3.55
Kim Loong Resources Bhd — down one sen at RM1.61
Mycron Steel Bhd — up 4.5 sen at 36.5 sen
FGV Holdings Bhd — up eight sen at RM1.51
Dolphin International Bhd — down 0.5 sen at 14 sen
MKH Bhd — up four sen at RM1.77
Kwantas Corp Bhd — up two sen at 83 sen
TH Heavy Engineering Bhd — up two sen at 9.5 sen
Gunung Capital Bhd — up 1.5 sen at 52.5 sen
Bright Pakaging Industry Bhd — up 2.5 sen at 34 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.