KUALA LUMPUR (Feb 27): theedgemarkets.com highlighted 9 stocks with momentum at Bursa Malaysia’s afternoon market close today. Two showed a positive momentum. Seven showed a negative momentum.
The stocks with positive momentum were:
Aturmaju Resources Bhd- up 2.5 sen to 37.5 sen
Success Transformer Corporation Bhd - up seven sen to 62 sen
The stocks with negative momentum were:
Acoustech Bhd - up 0.5 sen to 45.5 sen
Hong Leong Industries Bhd -unchanged at RM9.88
Johore Tin Bhd - up five sen to RM1.41
K Seng Seng Corporation Bhd - up one sen to RM 4.85
Metrod Holdings Bhd - up five sen to RM1.75
Naim Holdings Bhd - up 9.5 sen to 9.95 sen
Uzma Bhd - down 4.5 sen to 90 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.