KUALA LUMPUR (Sept 27): theedgemarkets.com highlighted twelve stocks at Bursa Malaysia’s afternoon close today. Eleven stocks indicated negative momentum while one stock indicated positive momentum
The stocks with negative momentum were:
Analabs Resources Bhd — up three sen to RM1.23
Benalec Holdings Bhd — up 0.5 sen at 16.5 sen
Federal International Holdings Bhd — unchanged at 67 sen
Icapital.biz Bhd — up 11 sen at RM2.23
MCE Holdings Bhd — up four sen at RM1.58
Pesona Metro Holdings Bhd — up 0.5 sen at 25 sen
Reservoir Link Energy Bhd — up 3.5 sen at 60.5 sen
Scicom (MSC) Bhd — up five sen at RM1.20
Sern Kou Resources Bhd — up one sen at 66.5 sen
SKP Resources Bhd — up six sen at RM1.97
Visdynamics Holdings Bhd — up 22 sen at RM1.59
The stock with positive momentum was:
VS Industry Bhd — unchanged at RM1.70
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.