KUALA LUMPUR (Jan 30): theedgemarkets.com has highlighted nine stocks with momentum today at Bursa Malaysia’s afternoon close. All stocks displayed negative momentum.
The stocks with negative momentum were
RGB International Bhd – up 2.5 sen at 20 sen
Oceancash Pacific Bhd – down 3.5 sen at 58.5 sen
Bahvest Resources Bhd – down 1.5 sen at 58 sen
ES Ceramics Technology Bhd – up half a sen at 38 sen
Mclean Technologies Bhd – up two sen at 29 sen
Engtex Group Bhd – up half a sen at 85 sen
Xidelang Holdings Ltd – unchanged at 17 sen
Globaltec Formation Bhd – down four sen at 45 sen
Pansar Bhd – up 1.5 sen at 65 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.