KUALA LUMPUR (Nov 9): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock displayed negative momentum while five had positive momentum.
Stocks with positive momentum were:
D'nonce Technology Bhd - up six sen at 53 sen
Focus Dynamics Group Bhd - unchanged at 16 sen
Grand Hoover Bhd – down one sen at 66 sen
Permaju Industries Bhd – down one sen at 33.5 sen
Tatt Giap Group Bhd - down 0.5 sen at 20.5 sen
The stock with negative momentum was:
Panasonic Manufacturing Malaysia Bhd - down two sen at RM38.24
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.