Kein Hing, Comfort Gloves, Halex, Chin Well, Tek Seng, Comintel, Federal Furniture, Golden Pharos, MyEG

Kein Hing, Comfort Gloves, Halex, Chin Well, Tek Seng, Comintel, Federal Furniture, Golden Pharos, MyEG
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KUALA LUMPUR (Dec 17): theedgemarkets.com highlighted nine stocks at afternoon market close today.

Three stocks showed positive momentum, while six showed negative momentum.

The stocks with positive momentum were :

Kein Hing International Bhd— up 13.5 sen at 80 sen

Comfort Gloves Bhd — up 3 sen at 98.5 sen

Halex Holdings Bhd— up 4.5 sen at 73 sen

Stocks with negative momentum were :

Chin Well Holdings Bhd— up 13 sen at RM1.89

Tek Seng Holdings Bhd — up 4.5 sen at 96 sen

Comintel Corp Bhd — up 3.5 sen at 37 sen

Federal Furniture Holdings (M) Bhd — up 1.5 sen at 74.5 sen

Golden Pharos Bhd — up 4 sen at 46 sen

My E.G. Services Bhd — up 12 sen at RM3.81

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.

(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. Go to www.theedgemarkets.com for details on a company’s financial dashboard.)