LB Aluminium, FACB, Cymao, CSC, Malaysia Steel, Pantech, Homeritz, Pestech, Kenanga, Suria Capital, Ann Joo, YLI, Khind, Unimech, Cam, Signature International, Lee Swee Kiat, Poly Glass, Public Packages, KYM, KESM, Leader Steel

TheEdge Wed, Dec 02, 2020 02:07pm - 2 months ago


KUALA LUMPUR (Dec 2): theedgemarkets.com has highlighted 22 stocks with momentum at Bursa Malaysia’s afternoon break today. One stock displayed positive momentum, while the rest showed negative momentum. 

The stock with positive momentum was: 

LB Aluminium Bhd — up three sen at 60 sen 

The stocks with negative momentum were: 

FACB Industries Inc Bhd — up eight sen at RM1.60 

Cymao Holdings Bhd — up half a sen at 39.5 sen 

CSC Steel Holdings Bhd — up seven sen at RM1.13 

Malaysia Steel Works (KL) Bhd — up three sen at 43.5 sen 

Pantech Group Holdings Bhd — up two sen at 41.5 sen 

Homeritz Corp Bhd — up six sen at RM1.03 

Pestech International Bhd — up 6.5 sen at 91 sen 

Kenanga Investment Bank Bhd — down half a sen at 93.5 sen

Suria Capital Holdings Bhd — up three sen at RM1.02 

Ann Joo Resources Bhd — up eight sen at RM1.02 

YLI Holdings Bhd — up eight sen at 37 sen 

Khind Holdings Bhd — down four sen at RM3.18 

Unimech Group Bhd — down one sen at RM1.35 

Cam Resources Bhd — up two sen at 40 sen 

Signature International Bhd — up one sen at 43 sen 

Lee Swee Kiat Group Bhd — up three sen at 73.5 sen 

Poly Glass Fibre (M) Bhd — up 1.5 sen at 48.5 sen 

Public Packages Holdings Bhd — up 10 sen at RM1.20 

KYM Holdings Bhd — up two sen at 36.5 sen 

KESM Industries Bhd — up 40 sen at RM12.02 

Leader Steel Holdings Bhd — up six sen at 56 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

ANNJOO 2.360
ANNUM 1.300
BURSA 9.100
CAMRES 0.390
CSCSTEL 1.380
HOMERIZ 0.605
KENANGA 1.770
KESM 15.420
KHIND 3.590
KYM 0.400
LBALUM 0.725
LEESK 1.110
LSTEEL 0.655
MASTEEL 0.635
PANTECH 0.455
PESTECH 1.180
POLY 0.595
PPHB 1.020
SIGN 0.845
SURIA 1.020
UNIMECH 1.590
YLI 0.410

Comments

Login to comment.