KUALA LUMPUR (May 4): theedgemarkets.com has highlighted 16 stocks with momentum at the noon market close today. Two stocks displayed positive momentum, with the rest displaying negative momentum.
The stocks with positive momentum were:
Tashin Holdings Bhd — up 1.5 sen at 82 sen
Leon Fuat Bhd — up six sen at RM1.26
The stocks with negative momentum were:
Karyon Industries Bhd — up half a sen at 24 sen
Tanco Holdings Bhd — up half a sen at nine sen
Ta Ann Holdings Bhd — up 11 sen at RM2.98
Rimbunan Sawit Bhd — up half a sen at 28 sen
Sarawak Plantation Bhd — up seven sen at RM2.47
BLD Plantation Bhd — unchanged at RM9.48
Golden Pharos Bhd — up 14.5 sen at 54.5 sen
Fajarbaru Builder Group Bhd — up four sen at 81 sen
Astral Asia Bhd — up 1.5 sen at 16 sen
CB Industrial Product Holding Bhd (CBIP) — up two sen at RM1.32
Transocean Holdings Bhd — up RM1.19 at RM6.37
Cepatwawasan Group Bhd — up 1.5 sen at 71 sen
Quality Concrete Holdings Bhd — unchanged at RM1.1
TSH Resources Bhd — up three sen at RM1.16
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