Thursday 20 Jun 2024
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KUALA LUMPUR (Dec 28): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday (Dec 28). Only four stocks displayed positive momentum, while the other five indicated negative momentum.

The stocks with positive momentum were:

  • GFM Services Bhd — down 1.5 sen at 22.5 sen
  • VisDynamics Holdings Bhd — up six sen at 71.5 sen
  • Lion Industries Corp Bhd — unchanged at 39 sen
  • Lee Swee Kiat Group Bhd — up four sen at 73 sen

The stocks with negative momentum were:

  • Berjaya Corp Bhd (BCorp) — unchanged at 29.5 sen
  • Jaya Tiasa Holdings Bhd — up two sen at 66 sen
  • AYS Ventures Bhd — up 1.5 sen at 44 sen
  • Aurelius Technologies Bhd — down one sen at RM1.92
  • Apollo Food Holdings Bhd — up 13 sen at RM3.99

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

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