KUALA LUMPUR (March 5): theedgemarkets.com highlighted 16 stocks with momentum at Bursa Malaysia’s afternoon market close today. All 16 displayed negative momentum.
The stocks with negative momentum were:
AWC Bhd - up 5 sen at 79 sen
Gadang Holdings Bhd - up 3 sen at 68 sen
Halex Holdings Bhd - up 4.5 sen at 99 sen
Ho Hup Construction Company Bhd - up 3 sen at 44 sen
Jerasia Capital Bhd - unchanged at 37.5 sen
PCCS Group Bhd - unchanged at 40.5 sen
Perdana Petroleum Bhd - up 1 sen at 40 sen
Prestariang Bhd - up 2 sen at 58.5 sen
Redtone International Bhd - up 2.5 sen at 26.5 sen
Salcon Bhd - up 2.5 sen at 29.5 sen
Sapura Energy Bhd - up 1.5 sen at 34 sen
SKB Shutter Corporation Bhd - down 3 sen at 62 sen
TAS Offshore Bhd - up 1.5 sen at 30 sen
TRC Synergy Bhd - up 4.5 sen at 61.5 sen
Turbo-mech - up 3 sen at 77 sen
WCE Holdings Bhd - down 1 sen at 56.5 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.