KUALA LUMPUR (Sept 26): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia’s afternoon market close today. Two showed positive momentum while eight had negative momentum.
Stocks with positive momentum were:
AWC Bhd – up 3.5 sen at 85 sen
Opensys (M) Bhd – up 1.5 sen at 32.5 sen
Stocks with negative momentum were :
Amverton Bhd – up two sen at RM1.07
Deleum Bhd – up four sen at RM1.10
Keck Seng (M) Bhd – up five sen at RM4.20
Lii Hen Industries Bhd – up six sen at RM3.03
Minho (M) Bhd – up 3.5 sen at 58 sen
Ni Hsin Resources Bhd – up 1.5 sen at 28.5 sen
Notion VTec Bhd – up five sen at 74 sen
Pinehill Pacific Bhd – up 5.5 sen at 51 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.