KUALA LUMPUR (Jan 31): theedgemarkets.com highlighted 13 stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday (Jan 31). Only three stocks displayed positive momentum, while the other 10 indicated negative momentum.
The stocks with positive momentum were:
- Ancom Logistics Bhd ― up half a sen at 23 sen
- LYC Healthcare Bhd ― up four sen at 25.5 sen
- Olympia Industries Bhd ― up half a sen at eight sen
The stocks with negative momentum were:
- MAG Holdings Bhd ― down half a sen at 19 sen
- HSS Engineers Bhd ―unchanged at 47 sen
- Malayan Flour Mills Bhd (MFM) ― up 1.5 sen at 82.5 sen
- TAS Offshore Bhd ― up 2.5 sen at 27 sen
- MSM Malaysia Holdings Bhd ― up three sen at 89.5 sen
- Xin Hwa Holdings Bhd ― up 1.5 sen at 26.5 sen
- Priceworth International Bhd ― up half a sen at 14.5 sen
- Barakah Offshore Petroleum Bhd ― up half a sen at six sen
- Milux Corp Bhd ― up half a sen at 76 sen
- Pansar Bhd ― up one sen at 65.5 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