KUALA LUMPUR (Feb 14): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia’s afternoon market close today. Two showed a positive momentum. Eight showed a negative momentum.
The stocks with positive momentum were:
Asia Poly Holdings Bhd – up 0.5 sen to 8.5 sen
Teo Seng Capital Bhd – down 3 sen to RM1.16
The stocks with negative momentum were:
Ahmad Zaki Resources Bhd – up 2 sen to 38.5 sen
B.I.G Industries Bhd – up 1 sen to 34 sen
Dayang Enterprise Holdings Bhd – up 4 sen to 81 sen
KKB Engineering Bhd – up 6.5 sen to RM1.04
LTKM Bhd – up 1 sen to RM1.30
Securemetric Bhd – up 3 sen to 51.5 sen
Turiya Bhd – up 1.5 sen to 15.5 sen
Vsolar Group Bhd – up 0.5 sen to 16 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.