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Singapore Investment


AirAsia X, JAG, Ajinomoto, CTOS, Heng Huat, Mobilia, Prolexus, Ramssol

KUALA LUMPUR (Dec 30): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close on Friday (Dec 30). Only two stocks displayed positive momentum, while the other six indicated negative momentum.
The stocks with positive momentum were:

    AirAsia X Bhd — up 1.5 sen at 56.5 sen
    JAG Bhd — up 1.5 sen at 35.5 sen

The stocks with negative momentum were:

    Ajinomoto (M) Bhd — up 42 sen at RM13.22
    CTOS Digital Bhd — down one sen at RM1.45
    Heng Huat Resources Group Bhd — up half a sen at 49 sen
    Mobilia Holdings Bhd — unchanged at 21.5 sen
    Prolexus Bhd — up two sen at 49 sen
    Ramssol Group Bhd — unchanged at 44.5 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.


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