Asia Media, Comfort, Teck Guan, Dolomite, Tatt Giap, Comintel, Nylex, Careplus, WTK

Asia Media, Comfort, Teck Guan, Dolomite, Tatt Giap, Comintel, Nylex, Careplus, WTK
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KUALA LUMPUR (Dec 18): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and seven with negative momentum.

The stocks with positive momentum are:

Asia Media Group Bhd — up 1.5 sen at 14 sen

Comfort Gloves Bhd — up two sen at 97.5 sen

The stocks with negative momentum are:

Teck Guan Perdana Bhd — up seven sen at RM1.71

Dolomite Corp Bhd — flat at 48.5 sen

Tatt Giap Group Bhd — down half sen at 14 sen

Comintel Corp Bhd — up 14.5 sen at 51.5 sen

Nylex (M) Bhd — up 1.5 sen at 59 sen

Careplus Group Bhd — up 1.5 sen at 59 sen

WTK Holdings Bhd — up two sen at RM1.34

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.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)