KUALA LUMPUR (Dec 4): theedgemarkets.com has highlighted 23 stocks with negative momentum at Bursa Malaysia’s noon market break.
The stocks with negative momentum were:
Ahmad Zaki Resources Bhd – unchanged at 25 sen
BCM Alliance Bhd – up one sen at 30.5 sen
Chin Well Holdings Bhd – up two sen at RM1.13
Choo Bee Metal Industries Bhd – up eight sen at RM1.75
Country View Bhd – up five sen at RM1.13
Cymao Holdings Bhd – up 1.5 sen at 40.5 sen
Freight Management Holdings Bhd – up three sen at 91.5 sen
Harbour-Link Group Bhd – up half a sen at 77.5 sen
Hengyuan Refining Company Bhd – up 99 sen at RM5.66
Ho Wah Genting Bhd – up 11.5 sen at 96 sen
Iconic Worldwide Bhd – up one sen at 59 sen
Kuchai Development Bhd – up 13 sen at RM1.45
Malaysia Marine and Heavy Engineering Holdings Bhd – up 4.5 sen at 46 sen
Muda Holdings Bhd – up eight sen at RM2.24
N2N Connect Bhd – up two sen at 81 sen
Pestech International Bhd – up 5.5 sen at 96.5 sen
Petron Malaysia Refining & Marketing Bhd – up 76 sen at RM5.02
Pineapple Resources Bhd – unchanged at 36.5 sen
PJBumi Bhd – up two sen at 27 sen
S P Setia Bhd – up 6.5 sen at 91 sen
Superlon Holdings Bhd – up 2.5 sen at 99 sen
WCE Holdings Bhd – up 2.5 sen at 31 sen
Yong Tai Bhd – up six sen at 35.5 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.