KUALA LUMPUR (Jan 4): theedgemarkets.com highlighted 14 stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum while 12 stocks displayed negative momentum.
The stocks with positive momentum were:
Asia Media Group Bhd – up one sen to 18 sen
Elsoft Research Bhd – up six sen to 86 sen
The stocks with negative momentum were:
ABM Fujiya Bhd – up three sen to 48 sen
CN Asia Corp Bhd – up nine sen to RM2.28
Connectcounty Holdings Bhd – up 1.5 sen to 22 sen
CRG Incorporated Bhd – up 0.5 sen to 8.5 sen
Dynaciate Group Bhd – up one sen to 14 sen
Euro Holdings Bhd – up 35 sen to RM3.25
Federal International Holdings Bhd – up 5.5 sen to 50 sen
MMS Ventures Bhd – up seven sen to 85 sen
Multi-usage Holdings Bhd – up 5.5 sen to 36 sen
Selangor Dredging Bhd – unchanged at 54 sen
Silver Ridge Holdings Bhd – up two sen to 60 sen
TFP Solutions Bhd – up two sen to 25 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.
Edited by Lam Jian Wyn