KUALA LUMPUR (Dec 8): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (Dec 8). Only two stocks displayed positive momentum, while the other eight indicated negative momentum.
The stocks with positive momentum were:
- Sealink International Bhd — up 1.5 sen at 12 sen
- CN Asia Corp Bhd — up three sen at 30 sen
The stocks with negative momentum were:
- Lambo Group Bhd — up half a sen at six sen
- Radiant Globaltech Bhd — up half a sen at 37 sen
- Versatile Creative Bhd — up 1.5 sen at 54 sen
- K Seng Seng Corp Bhd — up five sen at RM1.22
- Comintel Corp Bhd — up 20 sen at 89 sen
- Minetech Resources Bhd — unchanged at 5.5 sen
- Prolexus Bhd — up two sen at 47 sen
- Sarawak Consolidated Industries Bhd (SCIB) — down half a sen at 17 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