KUALA LUMPUR (Dec 4): theedgemarkets.com highlighted eight stocks with negative momentum at Bursa Malaysia’s afternoon close today.
The stocks were:
BCB Bhd – up 4 sen at 36.5 sen
Jaya Tiasa Holdings Bhd – up 3 sen at 76.5 sen
Mintye Bhd – unchanged at RM1.34
Mudajaya Group Bhd – up 5.5 sen at 40 sen
Ornapaper Bhd – down 3 sen at RM1.13
Public Packages Holdings Bhd – down 1 sen at RM1.08
Sanichi Technology Bhd – unchanged at 5.5 sen
Scanwolf Corp Bhd – down 0.5 sen at 26 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 recommendations. 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 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.