Stocks With Momentum A&M, Hiap Huat, Eonmetall, OCK, Hiap Teck, Lion Industries, Hong Leong Industries, SPG, Ann Joo

by **Cals** Thu 21 Apr 2016, 02:44

Stocks With Momentum

[size=28]A&M, Hiap Huat, Eonmetall, OCK, Hiap Teck, Lion Industries, Hong Leong Industries, SPG, Ann Joo

By Christina Ramani / theedgemarkets.com | April 20, 2016 : 1:16 PM MYT

KUALA LUMPUR (April 20): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close today. The list showed two stocks with positive momentum and seven stocks with negative momentum.

Stocks with positive momentum were:

A&M Realty Bhd – unchanged at 94 sen

Hiap Huat Holdings Bhd – unchanged at 11.5 sen

Stocks with negative momentum were:

Eonmetall Group Bhd – unchanged at 39.5 sen

OCK Group Bhd – unchanged at 82.5 sen

Hiap Teck Venture Bhd – unchanged at 41 sen

Lion Industries Corporation Bhd – unchanged at 45.5 sen

Hong Leong Industries Bhd – unchanged at RM7.26

Spring Gallery Bhd – unchanged at 90.5 sen

Ann Joo Resources Bhd – unchanged at RM1.23

The list of stocks with momentum is generated using a propriety 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.

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