Fiamma, Freight, Hong Seng, Opcom, Perak Transit, REDtone, RGT, SAB, Suria, Tasco, Tune Protect, Three-A

Fiamma, Freight, Hong Seng, Opcom, Perak Transit, REDtone, RGT, SAB, Suria, Tasco, Tune Protect, Three-A
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KUALA LUMPUR (Oct 8): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon close on Friday.

11 stocks displayed negative momentum, while one showed positive momentum.

The stocks with negative momentum were:

Fiamma Holdings Bhd — unchanged at 66 sen

Freight Management Holdings Bhd — up 16 sen at RM1.02

Hong Seng Consolidated Bhd — down 38 sen at RM3.10

Opcom Holdings Bhd — up six sen at RM1.52

Perak Transit Bhd — up two sen at 67 sen

REDtone Digital Bhd — up two sen at 57 sen

RGT Bhd — up three sen at 48 sen

Southern Acids (M) Bhd (SAB) — up 29 sen at RM4.10

Suria Capital Holdings Bhd — up four sen at RM1.29

Tasco Bhd — up eight sen at RM1.28

Tune Protect Group Bhd — up one sen at 48 sen

The stock with positive momentum was:

Three-A Resources Bhd — down one sen at RM1.08

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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com