MNC Wireless, Ralco, Berjaya Assets, Cheetah, Cymao, Eastland Equity, GUH, Handal Energy, Knusford, Komarkcorp, Minda Global, Paragon Union, Perak Corp, Puncak Niaga, Techna-X, TFP Solutions

TheEdge Fri, Dec 18, 2020 01:47pm - 4 months ago

KUALA LUMPUR (Dec 18): highlighted 16 stocks with momentum at the afternoon close on Bursa Malaysia today. Two stock displayed positive momentum, while 14 showed negative momentum.

The stocks with positive momentum were:

MNC Wireless Bhd – up half a sen at 5.5 sen

Ralco Corp Bhd – up nine sen at RM1.04

The stocks with negative momentum were:

Berjaya Assets Bhd – up half a sen at 32.5 sen

Cheetah Holdings Bhd – up 10 sen at 69 sen

Cymao Holdings Bhd – up three sen at 93 sen 

Eastland Equity Bhd – up one sen at 14.5 sen

GUH Holdings Bhd – up half a sen at 41 sen

Handal Energy Bhd – down 1.5 sen at 25.5 sen

Knusford Bhd – up seven sen at 78 sen

Komarkcorp Bhd – unchanged at RM1.16

Minda Global Bhd – up half a sen at 6.5 sen

Paragon Union Bhd – up three sen at 63 sen

Perak Corp Bhd – up nine sen at 52.5 sen

Puncak Niaga Holdings Bhd – up 4.5 sen at 32.5 sen

Techna-X Bhd – up one sen at 19.5 sen

TFP Solutions Bhd – up two sen at 19 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 1.140
BJCORP 0.335
BURSA 8.320
GUH 0.435
HANDAL 0.230
KOMARK 0.155
MINDA 0.125
MNC 0.045
PUNCAK 0.460
RALCO 1.240
TFP-WB 0.130


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