AYS Ventures, Bina Puri, Tiger Synergy, Cheetah, Lion Posim, Only World Group, Rex Industry, Rhone Ma, TA Enterprise, Tashin, Theta Edge, YKGI

TheEdge Wed, Dec 16, 2020 01:36pm - 2 months ago

KUALA LUMPUR (Dec 16): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon close today. Three stocks displayed positive momentum, while nine showed negative momentum.

Stocks with positive momentum were:

AYS Ventures Bhd – down 1.5 sen at 28.5 sen

Bina Puri Holdings Bhd – up two sen at 12 sen

Tiger Synergy Bhd – up 2.5 sen at 15 sen

Stocks with negative momentum were:

Cheetah Holdings Bhd – up 10.5 sen at 58 sen

Lion Posim Bhd – up three sen at 60 sen

Only World Group Holdings Bhd – up two sen at 35 sen 

Rex Industry Bhd – up two sen at 23.5 sen

Rhone Ma Holdings Bhd – up two sen at 77 sen

TA Enterprise Bhd – unchanged at 65 sen

Tashin Holdings Bhd – down half a sen at 34.5 sen

Theta Edge Bhd – up two sen at 48.5 sen

YKGI Holdings Bhd – up three sen at 18 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

AYS 0.340
BPURI 0.090
BURSA 9.070
OWG-WB 0.315
REX 0.220
TA 0.650
TASHIN 0.395
THETA 0.890
TIGER 0.105
YKGI 0.195


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