KUALA LUMPUR (Nov 21): theedgemarkets.com has highlighted twelve stocks with momentum at Bursa Malaysia’s afternoon close today. All twelve stocks displayed negative momentum.
The stocks with negative momentum were:
Alam Maritim Resources Bhd — up 1.5 sen to 14.5 sen
BSL Corp Bhd — up 2.5 sen to 36.5 sen
Fintec Global Bhd — unchanged at 8 sen
KESM Industries Bhd — up 19 sen to RM8.58
MClean Technologies Bhd — up 2.5 sen to 24.5 sen
MHC Plantations Bhd — unchanged at 60 sen
Rohas Tecnic Bhd — up 0.5 sen to 76 sen
Sanichi Technology Bhd — unchanged at 5 sen
Sarawak Plantation Bhd — up 3 sen to RM1.68
Ta Ann Holdings Bhd — up 19 sen to RM2.85
Thong Guan Industries Bhd — up 28 sen to RM3.43
TSH Resources Bhd — up 7 sen to RM1.20
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 recommendations. 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 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.