KUALA LUMPUR (Dec 7): theedgemarkets.com highlighted 12 stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday (Dec 7). There were no stocks with positive momentum.
The stocks with negative momentum were:
- Systech Bhd — up one and a half sen or 5.88% to 27 sen
- YGL Convergence Bhd — up one sen or 6.90% to 15.5 sen
- K-One Technology Bhd — up two sen or 13.79% to 16.5 sen
- Appasia Bhd — up one sen or 11.76% to 9.5 sen
- Kanger International Bhd — down half a sen or 10% to 4.5 sen
- Binasat Communications Bhd — up 3.57% or one sen to 29 sen
- Mobilia Holdings Bhd — up one sen or 5% to 21 sen
- MN Holdings Bhd — up half a sen or 2.08% to 24.5 sen
- Pegasus Heights Bhd — unchanged at one sen
- Saudee Group Bhd — down half a sen or 10% to 4.5 sen
- Minho (M) Bhd — up two sen or 5.88% to 36 sen
- SMIS Corp Bhd — down half a sen or 0.61% to 82 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