YKGI, Karyon, Esceram, Melewar, SMI, Hiaptek, MCT, Velesto, Inno, AZRB, Freight, Eden, Emico, LBAlum, RGBTBhd

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KUALA LUMPUR (Jan 3): theedgemarkets.com highlighted 15 stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock displayed positive momentum while 14 stocks showed negative momentum.

Stock with positive momentum was:

 YKGI Holdings Bhd - down 0.5 sen or 3.33% at 14.5 sen

Stocks with negative momentum were:

Ahmad Zaki Resources Bhd - down 0.5 sen or 1.22% at 40.5 sen

Eden Inc Bhd - up 0.5 sen or 2.33% at 22 sen

Emico Holdings Bhd - down 0.5 sen or 2.44%  at 20 sen

ES Ceramics Technology Bhd - down 1.5 sen or 6.67% at 21 sen

Freight Management Holdings Bhd - up 0.5 sen or 0.82% at 61.5 sen

Hiap Teck Venture Bhd - down 1 sen or 4.26% at 22.5 sen

Innoprise Plantations Bhd - up 1.5 sen or 1.54% at 99 sen

Karyon Industries Bhd - up 0.5 sen or 2.70% at 19 sen

LB Aluminium Bhd - up 3.5 sen or 6.54% at 57 sen

MCT Bhd - up 2 sen or 6.06% at 35 sen

Melewar Industrial Group Bhd - up 3.5 sen or 11.29% at 34.5 sen

RGT Bhd - up 1.5 sen or 8.57% at 19 sen

South Malaysia Industries Bhd - down 1 sen or 6.06% at 15.5 sen

Velesto Energy Bhd - up 0.5 sen or 1.30% at 39 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