VSTECS, Karyon, KFM, Xian Leng, Apollo, JF Technology, Pecca, Solid Automotive

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KUALA LUMPUR (Nov 11): theedgmarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. Three stocks displayed positive momentum while five showed negative momentum.

Stocks with positive momentum were:

Karyon Industries Bhd – up 1.5 sen at 15.5 sen

Lotus KFM Bhd – down 0.5 sen at 11 sen

Xian Leng Holdings Bhd – up 3 sen at 67 sen

Stocks with negative momentum were:

Apollo Food Holdings Bhd – unchanged at RM4.03

JF Technology Bhd – up 11 sen at RM1.30

Pecca Group Bhd – up 1 sen at RM1.24  

Solid Automotive Bhd – up 2 sen at 30 sen

VSTECS Bhd – up 12 sen at RM1.37

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 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