KUALA LUMPUR (Jan 15): theedgemarkets.com
The stocks with negative momentum were:
Amtel Holdings Bhd — up 20 sen at RM2.52
EITA Resources Bhd — up 24 sen at RM2.42
Elsoft Research Bhd — up 4.5 sen at 99 sen
Greatech Technology Bhd — up 21 sen at RM5.87
Kobay Technology Bhd — up 52 sen at RM4.17
Salutica Bhd — up nine sen at 67.5 sen
Silver Ridge Holdings Bhd — down one sen at 61.5 sen
Vertice Bhd — up two sen at 30 sen
Xian Leng Holdings Bhd — up six sen at 86 sen
The stocks with positive momentum were :
Eupe Corp Bhd — up 7.5 sen at 83.5 sen
Poly Glass Fibre (M) Bhd — up four sen at 60 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.