KUALA LUMPUR (Dec 8): theedgemarkets.com highlighted 15 stocks with momentum as at the noon market break today. One stock showed positive momentum while the remaining 14 stocks showed negative momentum.
The stock with positive momentum was:
Hengyuan Refining Company Bhd – down 38 sen at RM6.32
The stocks with negative momentum were:
Cycle & Carriage Bintang Bhd – up two sen at RM1.77
Digistar Corp Bhd – up 1.5 sen at 11 sen
Eco World International Bhd – up three sen at 57.5 sen
Greenyield Bhd – up one sen at 20.5 sen
IOI Properties Group Bhd – down two sen at RM1.69
Kumpulan Jetson Bhd – unchanged at 25.5 sen
Jiankun International Bhd – down one sen at 53.5 sen
Johan Holdings Bhd – up 7.5 sen at 23.5 sen
Kretam Holdings Bhd – up half a sen at 58.5 sen
Marco Holdings Bhd – up one sen at 13.5 sen
Muda Holdings Bhd – down three sen at RM2.75
Ornapaper Bhd – up six sen at RM1.60
Ralco Corp Bhd – up three sen at 60.5 sen
Straits Inter Logistics Bhd – unchanged at 19.5 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