YKGI, TecFast, QES, Melewar, Harison, Ibraco, Mrcron, JCY, BTM, KKB, Bright

YKGI, TecFast, QES, Melewar, Harison, Ibraco, Mrcron, JCY, BTM, KKB, Bright
-A +A

KUALA LUMPUR (Dec 31): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed one stock with positive momentum and 10 with negative momentum.

Stock with positive momentum was:

YKGI Holdings Bhd — up 1.5 sen at 12.5

Stocks with negative momentum were:

TechFast Holdings Bhd — up three sen at 51.5 sen

QES Group Bhd — up 0.5 sen at 23 sen

Melewar Industrial Group Bhd — up 2.5 sen at 17.5 sen

Harrisons Holdings (M) Bhd — up two sen at RM3.82

Ibraco Bhd — up 1.5 sen at 69.5 sen

Mycron Steel Bhd — up six sen at 43.5 sen

JCY International Bhd — up two sen at 29.5 sen

BTM Resources Bhd — down 0.5 sen at 19.5 sen

KKB Engineering Bhd — up one sen at RM1.50

Bright Pakaging Industry Bhd — up three sen at 38.5 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