Guoco, SSteel, Tashin, MBSB, AISB, Hengyuan, CView, Mycron, Masteel, Scable, Choobee, KPS, Apollo, Chuan, Yongtai, Tawin, Astino, CAB, BSL, Resintc, Ken, TNLogis, Gadang, LSteel,

TheEdge Thu, Dec 03, 2020 01:44pm - 2 months ago


KUALA LUMPUR (Dec 3): theedgemarkets.com has highlighted 24 stocks with momentum at Bursa Malaysia’s noon market break. Two stocks displayed positive momentum, with the rest indicating negative momentum.

The stocks with positive momentum were:

Guocoland (M) Bhd - unchanged at 55 sen

Southern Steel Bhd - up a sen at 77 sen

The stocks with negative momentum were:

Tashin Holdings Bhd - up two sen at 31 sen

Malaysia Building Society Bhd - up 1.5 sen at 62.5 sen

Amalgamated Industrial Steel Bhd - unchanged at 27.5

Hengyuan Refining Company Bhd - up 27 sen at RM4.55

Country View Bhd - up three sen at RM1.08

Mycron Steel Bhd - unchanged at 42 sen

Malaysia Steel Works (KL) Bhd - up five sen at 49.5 sen

Sarawak Cable Bhd - up two sen at 28 sen

Choo Bee Metal Industries Bhd - up 12 sen at RM1.41

Kumpulan Perangsang Selangor Bhd - up 6.5 sen at RM1.06

Apollo Holdings Bhd - down eight sen at RM4.30

Chuan Huat Resources Bhd - up 1.5 sen at 40.5 sen

Yong Tai Bhd - up four sen at 21 sen

Ta Win Holdings Bhd - up a sen at 19 sen

Astino Bhd - six sen at 84.5 sen

CAB Cakaran Corp Bhd - up half a sen at 40.5 sen

BSL Corp Bhd - up 2.5 sen at 34.5 sen

Resintech Bhd - up half a sen at 33.5 sen

Ken Holdings Bhd - down two sen at 50 sen

Tiong Nam Logistics Holdings Bhd - up 7.5 sen at 98 sen

Gadang Holdings Bhd - up 1.5 sen at 46 sen

Leader Steel Holdings Bhd - up 13 sen at 79.5 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.






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