KUALA LUMPUR (Feb 10): theedgemarkets.com highlighted 15 stocks with momentum at Bursa Malaysia's afternoon close today. Two stocks showed positive momentum 13 stocks indicated negative momentum.
The stocks with positive momentum were:
Ann Joo Resources Bhd – up 19 sen at RM1.84
Prestar Resources Bhd – up 4.5 sen at 91 sen
The stocks with negative momentum were:
Advanced Packaging Technology (M) Bhd – down five sen at RM2.50
APB Resources Bhd – up three sen at 60 sen
Country Heights Holdings Bhd – unchanged at RM1.44
Fiamma Holdings Bhd – down 1.5 sen at 62 sen
Genetec Technology Bhd – down 17 sen at RM4.22
Ken Holdings Bhd – up 5.5 sen at 58 sen
Opcom Holdings Bhd – up one sen at 79 sen
Pansar Bhd – up 1.5 sen at 73 sen
Pimpinan Ehsan Bhd – up two sen at 98.5 sen
Pestech International Bhd – up six sen at RM1.11
RCE Capital Bhd – up 11 sen at RM2.62
TCS Group Holdings Bhd – up 3.5 sen at 60 sen
Widetech (Malaysia) Bhd – up 15 sen at 85 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.