Sanbumi, Fibon, Kein Hing, PBA, Iskandar Waterfront, 3A, Chin Well, BHS, Kia Lim

Sanbumi, Fibon, Kein Hing, PBA, Iskandar Waterfront, 3A, Chin Well, BHS, Kia Lim
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KUALA LUMPUR (Dec 29): theedgemarkets.com has highlighted nine stocks with negative momentum at afternoon market close today.

Stocks with negative momentum are:

Sanbumi Holdings Bhd unchanged at 13 sen

Fibon Bhd gain 5 sen at 72.5 sen

Kein Hing International Bhd up 5.5 sen at 91 sen

PBA Holdings Bhd up 6 sen at RM1.35

Iskandar Waterfront City Bhd gain 5 sen at RM1.00

Three-A Resources Bhd gain 3 sen at RM1.07

Chin Well Holdings Bhd gain 9 sen at RM2.04

BHS Industries Bhd unchanged at 51.5 sen

Kia Lim Bhd gain 4.5 sen at 72.5 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.

(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.)