Lotte Chemical Titan, Able Global, Superlon, Leform, TDM, Rimbunan Sawit, Focus Lumber, Minetech Resources
KUALA LUMPUR (Dec 26): theedgemalaysia.com
The stocks with positive momentum were:
- Lotte Chemical Titan Holding Bhd — up seven sen or 5.3% to RM1.39
- Able Global Bhd — up eight sen or 5.63% to RM1.50
- Superlon Holdings Bhd — up two sen or 2.34% to 87.5 sen
The stocks with negative momentum were:
- Leform Bhd — down one sen or 2.38% to 41 sen
- TDM Bhd — unchanged at 18 sen
- Rimbunan Sawit Bhd — up half a sen or 3.33% to 15.5 sen
- Focus Lumber Bhd — up 1.5 sen or 3.03% to 51 sen
- Minetech Resources Bhd — up 2.5 sen or 18.52% to 16 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com
The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.
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