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KUALA LUMPUR (Dec 11) – theedgemarkets.com highlighted nine stocks with negative momentum in Bursa Malaysia’s midday break today.
Stocks with negative momentum were:
Alliance Bank Malaysia Bhd – up to eight sen at RM2.93
Affin Bank Bhd – up nine sen to RM1.88
Cymao Holdings Bhd – up 17.5 sen to 90 sen
Ipmuda Bhd – up 20.5 sen to 95.5 sen
Jiankun International Bhd: rises half a sen to 57 sen
Malaysia Building Society Bhd (MBSB): up 3.5 sen to 75.5 sen
Rhone Ma Holdings Bhd: up 1.5 sen to 71.5 sen
Sinmah Capital Bhd: up to 3.5 sen in 37 sen
WCE Holdings Bhd: up 1.5 sen to 37.5 sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm that highlights stocks with an accumulation in trading volume and price. The algorithm differentiates between stocks that exhibit a positive momentum (+ ve) and a negative momentum (-ve).
This list is not a buy or sell recommendation. It simply tells you which stocks are experiencing higher-than-normal price and volume movements.
The share price can go up or down from this point. But the indicators “+ ve” (suggesting an upward trend in price in volume) and “-ve” (suggesting a downward trend in price in volume) should give readers a better idea of what to do. the market is buying and when to sell. Also note that the urge generally only persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers assess the attractiveness of the stocks, if they want to build on the momentum.
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