KUALA LUMPUR (Oct 9): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. All stocks displayed negative momentum.
Stocks with negative momentum were:
Advance Synergy Bhd – up 5.5 sen at 27.5 sen
Johore Tin Bhd – up six sen at RM1.67
MUI Properties Bhd – up two sen at 30 sen
Pan Malaysia Corp Bhd – up three sen at 18 sen
Tasco Bhd – up 11 sen at RM1.80
Vertice Bhd – up two sen at 34 sen
Wegmans Holdings Bhd – up 1.5 sen at 34.5 sen
Wellcall Holdings Bhd – up two sen at 91.5 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 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com