KUALA LUMPUR (Jan 18): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one stock with positive momentum and six with negative momentum.
The stock with positive momentum was:
Xin Hwa Holdings Bhd — down 0.5 sen at 79 sen
Stocks with negative momentum were:
Genting Plantations Bhd — up 5 sen at RM9.97
Mesiniaga Bhd — up 4 sen at RM1.19
TRC Synergy Bhd — unchanged at 59 sen
LTKM Bhd — up 5 sen at RM1.12
Aturmaju Resources Bhd — down 6.5 sen at 53 sen
WZ Satu Bhd — up 3 sen at 35 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.