KUALA LUMPUR (Jan 28): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon market close today. One displayed positive momentum while five showed negative momentum.
The stock with positive momentum was :
British American Tobacco (M) Bhd (BAT) - up 14 sen at RM38.54
Stocks with negative momentum were :
JAG Bhd - unchanged at 7.5 sen
KSL Holdings Bhd - up 2.5 sen at 89 sen
Xin Hwa Holdings Bhd - up 0.5 sen at 81.5 sen
London Biscuits Bhd - up 0.5 sen at 57 sen
Teo Seng Capital Bhd - up one sen at RM1.03
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.