Affin, Jaycorp, Guocoland, Sino Hua-An, Genting, GenM, MPHB, AAX, Only World, MyNews, Golden Pharos, CYL, Ralco, Hai-O, Lee Swee Kiat, LPI, Jiankun International

TheEdge Mon, Dec 14, 2020 01:35pm - 2 months ago

KUALA LUMPUR (Dec 14): has highlighted 17 stocks with momentum at Bursa Malaysia’s noon market break today. Two stocks displayed positive momentum, with the rest indicating negative momentum.

The stocks with positive momentum were:

Affin Bank Bhd — up five sen at RM1.95

Jaycorp Bhd — up 15 sen at RM1.66

The stocks with negative momentum were:

Guocoland (M) Bhd — up 14 sen at 71.5 sen

Sino Hua-An International Bhd — up 3.5 sen at 16.5 sen

Genting Bhd — up 25 sen at RM4.92

Genting Malaysia Bhd (GenM) — up 16 sen at RM2.86

MPHB Capital Bhd — up three sen at RM1.23

AirAsia X Bhd (AAX) — up two sen at 11 sen 

Only World Group Holdings Bhd — up 3.5 sen at 32.5 sen

MyNews Holdings Bhd — up a sen at 72 sen

Golden Pharos Bhd — unchanged at 26 sen

CYL Corp Bhd — up three sen at 51.5 sen

Ralco Corp Bhd — up 4.5 sen at 67.5 sen

Hai-O Enterprise Bhd — up seven sen at RM2.31

Lee Swee Kiat Group Bhd — up 12.5 sen at 94 sen

LPI Capital Bhd — up 22 sen at RM14.02

Jiankun International Bhd — unchanged at 58 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.

Related Stocks

AAX 0.090
AFFIN 1.710
BURSA 9.070
CYL 0.530
GENM 2.960
GUOCO 0.605
HAIO 2.130
LEESK 0.935
LPI 13.800
MYNEWS 0.645
OWG-WB 0.315
RALCO 1.010


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