Asia Media, Chin Hin Group Property, Crest Builder, Ecobuilt, Edaran, Kumpulan H&L, Kumpulan Fima, Mega Sun, PMB Technology, Seal, Success Transformer, Yi-Lai

TheEdge Thu, Dec 31, 2020 02:00pm - 1 year View Original

KUALA LUMPUR (Dec 31): highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon close today. All 12 stocks showed negative momentum.

The stocks with negative momentum were:

Asia Media Group Bhd – up 1.5 sen at 16.5 sen

Chin Hin Group Property Bhd – up three sen at 53 sen

Crest Builder Holdings Bhd – unchanged at 75.5 sen

Ecobuilt Holdings Bhd – down three sen at 25.5 sen

Edaran Bhd – up 2.5 sen at 45 sen

Kumpulan H&L High-Tech Bhd – up 25 sen at RM1.5

Kumpulan Fima Bhd – up four sen at RM1.92

Mega Sun City Holdings Bhd – up two sen at 17 sen

PMB Technology Bhd – up 11 sen at RM4.61

Seal Incorporated Bhd – up four sen at 39 sen

Success Transformer Corp Bhd – up five sen at 77 sen 

Yi-Lai Bhd – up 4.5 sen at 99 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.

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.

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