AZRB, BCMall, ChinWel, Choobee, CView, Cymao, Freight, Harbour, Hengyuan, HWGB, Iconic, Kuchai, MHB, Muda, N2N, Pestech, PetronM, Pineapp, PJBumi, SPSetia, Superln, WCEHB, YongTai

TheEdge Fri, Dec 04, 2020 01:38pm - 2 months ago


KUALA LUMPUR (Dec 4):  theedgemarkets.com has highlighted 23 stocks with negative momentum at Bursa Malaysia’s noon market break.

The stocks with negative momentum were:

Ahmad Zaki Resources Bhd – unchanged at 25 sen

BCM Alliance Bhd – up one sen at 30.5 sen

Chin Well Holdings Bhd – up two sen at RM1.13

Choo Bee Metal Industries Bhd – up eight sen at RM1.75

Country View Bhd – up five sen at RM1.13

Cymao Holdings Bhd – up 1.5 sen at 40.5 sen

Freight Management Holdings Bhd – up three sen at 91.5 sen

Harbour-Link Group Bhd – up half a sen at 77.5 sen

Hengyuan Refining Company Bhd – up 99 sen at RM5.66

Ho Wah Genting Bhd – up 11.5 sen at 96 sen

Iconic Worldwide Bhd – up one sen at 59 sen

Kuchai Development Bhd – up 13 sen at RM1.45

Malaysia Marine and Heavy Engineering Holdings Bhd – up 4.5 sen at 46 sen

Muda Holdings Bhd – up eight sen at RM2.24

N2N Connect Bhd – up two sen at 81 sen

Pestech International Bhd – up 5.5 sen at 96.5 sen

Petron Malaysia Refining & Marketing Bhd – up 76 sen at RM5.02

Pineapple Resources Bhd – unchanged at 36.5 sen

PJBumi Bhd – up two sen at 27 sen

S P Setia Bhd – up 6.5 sen at 91 sen

Superlon Holdings Bhd – up 2.5 sen at 99 sen

WCE Holdings Bhd – up 2.5 sen at 31 sen

Yong Tai Bhd – up six sen at 35.5 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.






Related Stocks

ANNUM 1.200
AZRB 0.255
BCMALL 0.235
BURSA 9.090
CHINWEL 1.040
CHOOBEE 1.470
CVIEW 1.090
FREIGHT 1.220
GENTING 4.800
HARBOUR 0.870
HENGYUAN 5.770
HWGB 0.505
ICONIC 0.460
KUCHAI 1.530
MHB 0.425
MUDA 3.000
N2N 0.725
PESTECH 1.110
PETRONM 4.700
PINEAPP 0.650
PJBUMI 0.370
SPSETIA 0.910
SUPERLN 0.855
WCEHB 0.385
YONGTAI 0.215

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