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WMG, YGL, AZRB, JayCorp, LFECorp, Mediac, MKH, Quality, Tekseng,TSH

TheEdge Wed, Dec 11, 2019 01:48pm - 7 months ago

KUALA LUMPUR (Dec 11): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia's afternoon close today. Two stocks displayed positive momentum while eight stocks displayed negative momentum.

The stock with positive momentum were:

WMG Holdings Bhd - up 2.5 sen at 11 sen

YGL Convergence Bhd - up four sen at 15.5 sen

The stock with negative momentum were:

AZRB Bhd - unchanged at 40.5 sen

JayCorp Bhd - unchanged at RM1.19

LFE Corp Bhd - unchanged at 22 sen

Media Chinese Int Ltd - up one sen at 22.5 sen

MKH Bhd - up five sen at RM1.65

Quality Concrete Holdings Bhd - up 24 sen at RM1.34

Tek Seng Holdings Bhd -fell one sen at 30.5 sen

TSH Resources Bhd - up two sen at RM1.39

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 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.

Related Stocks

AZRB 0.210
BURSA 8.350
MEDIA 0.170
MKH 1.160
TSH 0.855
WMG 0.115
YGL 0.135


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