KUALA LUMPUR (Nov 20): theedgemarkets.com has highlighted ten stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum while eight displayed negative momentum.
The stocks with positive momentum were:
Alam Maritim Resources Bhd – up 2.5 sen to 12.5 sen
Gunung Capital Bhd – up 2.5 sen to 33 sen
The stocks with negative momentum were:
Dagang Nexchange Bhd – up 0.5 sen to 28.5 sen
Euro Holdings Bhd – up 4 sen to 17.5 sen
Fintec Global Bhd – up 1.5 sen to 9.5 sen
Foundpac Group Bhd – down 2.5 sen to 57 sen
Guan Chong Bhd – down 21 sen to RM2.80
Naim Holdings Bhd – up 6 sen to RM1.09
Omesti Bhd – down 0.5 sen to 50 sen
Solution Group Bhd – unchanged at 12.5 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 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.