KUALA LUMPUR (Dec 31): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Friday (Dec 31). Four displayed negative momentum, while two indicated positive momentum.
The stocks with negative momentum were:
Oversea Enterprise Bhd — up half a sen at 11 sen
SMTrack Bhd — up one and a half sen at 19 sen
Versatile Creative Bhd — down on sen at 67 sen
FSBM Holdings Bhd — up three sen at 20 sen
The stocks with positive momentum were:
Country Heights Holdings Bhd — up three sen at RM1.78
AHB Holdings Bhd — up one sen at 13.5 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com