KUALA LUMPUR (Feb 20): theedgemarkets.com highlighted 14 stocks with momentum at Bursa Malaysia’s afternoon market close today. Two showed positive momentum while 12 had negative momentum.
Stocks with positive momentum were:
Inix Technologies Holdings Bhd – up 0.5 sen at 11 sen
PPB Group Bhd – up 34 sen at RM18.66
Stocks with negative momentum were:
Benalec Holdings Bhd – up 2 sen at 21.5 sen
CAM Resources Bhd – up 3.5 sen at 28 sen
Ho Hup Construction Co Bhd – up 1.5 sen at 35 sen
Johore Tin Bhd – up 2 sen at RM1.31
Malaysian Resources Corp Bhd (MRCB) – up 2.5 sen at 81 sen
Only World Group Holdings Bhd (OWG) – up 6 sen at 70 sen
Ranhill Holdings Bhd – up 4 sen at RM1.43
Southern Acids (M) Bhd – unchanged at RM3.70
Teo Seng Capital Bhd – up 1 sen at RM1.31
Tune Protect Group Bhd – up 2 sen at 67 sen
Unimech Group Bhd – unchanged at RM1.03
WZ Satu Bhd – up 0.5 sen at 37 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.