KUALA LUMPUR (Mar 4): theedgemarkets.com highlighted 14 stocks with momentum at Bursa Malaysia’s afternoon market close today. All stocks displayed negative momentum.
Stocks with negative momentum were:
Aturmaju Resources Bhd - up 3 sen or 8.22% at 39.5 sen
Bahvest Resources Bhd - up 6 sen or 10.81% at 61.5 sen
Dayang Enterprise Holdings Bhd - up 19 sen or 16.10% at RM1.37
Favelle Favco Bhd - down 1 sen or 0.36% at RM2.79
Federal International Holdings Bhd - up 0.5 sen or 1.25% at 40.5
K. Seng Seng Corp Bhd - up 1 sen or 1.80% at 56.5 sen
Mulpha International Bhd - up 10 sen or 4.08% at RM2.55
Naim Holdings Bhd - up 7 sen or 7.45% at RM1.01
Pantech Group Holdings Bhd - up 2.5 sen or 4.42% at 59 sen
Pecca Group Bhd - up 3.5 sen or 3.65% at 99.5 sen
Petra Energy Bhd - up 21.5 sen or 23.76% at RM1.12
Perdana Petroleum Bhd - up 1 sen or 3.39% at 30.5 sen
T7 Global Bhd - up 2 sen or 4.25% at 49 sen
Yoong Onn Corp Bhd - up 5 sen or 4.42% at RM1.18
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.