KUALA LUMPUR (April 8): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum, while eight showed negative momentum.
The stock with positive momentum was:
LB Aluminium Bhd — up six sen at RM1.08
The stocks with negative momentum were:
Baba Eco Group Bhd — unchanged at 26 sen
BLD Plantation Bhd — up 35 sen at RM9
Central Global Bhd (CGB) — up 10 sen at RM2.08
Mercury Industries Bhd — up 18 sen at RM1.19
Eversendai Corp Bhd — down three sen at 28 sen
Tashin Holdings Bhd — down half a sen at 49 sen
TRC Synergy Bhd — up half a sen at 40 sen
Yoong Onn Corp Bhd (YOCB) — up half a sen at RM1
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.