KUALA LUMPUR (Jan 13): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia's afternoon close today. The list showed two stocks with positive momentum and six with negative momentum.
Stocks with positive momentum were:
Cypark Resources Bhd - up 5 sen at RM1.54
Sasbadi Holdings Bhd - up 1.5 sen at 19 sen
Stocks with negative momentum were:
Adventa Bhd - up 1 sen at 70 sen
Focus Point Holdings Bhd - up 2.5 sen at 50.5 sen
KKB Engineering Bhd - up 12 sen at RM1.78
MClean Technologies Bhd - up 2.5 sen at 20 sen
N2N Connect Bhd - up 5 sen at 79 sen
YBS International Bhd - unchanged at 17 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.