KUALA LUMPUR (Dec 9): theedgemarkets.com highlighted 15 stocks with momentum as at the noon market break today. Two stocks showed positive momentum while the remaining 13 stocks indicated negative momentum.

The stocks with positive momentum were:

LB Aluminium Bhd — up five sen at 66.5 sen

SWS Capital Bhd — up 2.5 sen at 69.5 sen

The stocks with negative momentum were:

Three-A Resources Bhd — up two sen at 97 sen

AirAsia X Bhd — rose three sen at 10 sen

AirAsia Group Bhd — up 5.5 sen at 93.5 sen

A-Rank Bhd — up 2.5 sen at 61 sen

AYS Ventures Bhd — unchanged at 26 sen

BLD Plantation Bhd — down 50 sen at RM7.80

CAB Cakaran Corp Bhd — up 1.5 sen at 43.5 sen

Cymao Holdings Bhd — up 17 sen at 66.5 sen

Enra Group Bhd — up four sen at 74.5 sen

Latitude Tree Holdings Bhd — up 51 sen at RM4.45

Rex Industry Bhd — up 3.5 sen at 23.5 sen

Sasbadi Holdings Bhd — up half a sen at 14 sen

Shin Yang Shipping Corp Bhd — up 1.5 sen at 26 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.

FTSE Bursa Malaysia KLCI (^KLSE) Kuala Lumpur - Kuala Lumpur Delayed Price. Currency in MYR

1,646.53 14.83 (0.90%)

updated at: Wed, 09 Dec 2020, 05:25PM MYT