KUALA LUMPUR (Dec 7): theedgemarkets.com highlighted 21 stocks with momentum as at the noon market break today. Three stocks showed positive momentum while the remaining 18 stocks showed negative momentum.
The stocks with positive momentum were:
Hengyuan Refining Company Bhd – rose RM1 at RM6.56
Petron Malaysia Refining & Marketing Bhd – rose 85 sen at RM6.10
Ta Ann Holdings Bhd – rose 15 sen at RM3.24
The stocks with negative momentum were:
Artroniq Bhd – rose nine sen at 52.5 sen
British American Tobacco (Malaysia) Bhd – rose RM1.18 at RM14.56
BCB Bhd – unchanged at 32.5 sen
Cymao Holdings Bhd – rose one sen at 46 sen
Dutaland Bhd – rose five sen at 42.5 sen
Engtex Group Bhd – rose two sen at 64 sen
Grand-Flo Bhd – rose half a sen at 28.5 sen
Hiap Teck Venture Bhd – rose 10.5 sen at 51.5 sen
IOI Properties Group Bhd – rose 32 sen at RM1.64
Malaysian Genomics Resource Centre Bhd – rose 3.5 sen at 74 sen
Malaysia Smelting Corp Bhd – rose 2.5 sen at 99 sen
Solid Automotive Bhd – unchanged at 25.5 sen
TAS Offshore Bhd – rose two sen at 23 sen
Tashin Holdings Bhd – rose 1.5 sen at 32 sen
Ta Win Holdings Bhd – rose 2.5 sen at 22 sen
Tan Chong Motor Holdings Bhd – rose two sen at RM1.18
TSH Resources Bhd – rose four sen at RM1.15
YTL Hospitality REIT – rose three sen at 90.5 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.