KUALA LUMPUR (April 1): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum, while 11 showed negative momentum.
The stock with positive momentum was:
MK Land Holdings Bhd — up 5.5 sen at 27.5 sen
Stocks with negative momentum were:
Asian Pac Holdings Bhd — up two sen at 20 sen
Berjaya Corp Bhd — down 2.5 sen at 43 sen
Berjaya Land Bhd — up one sen at 41.5 sen
Heng Huat Resources Group Bhd — up seven sen at 69.5 sen
Jasa Kita Bhd — up one sen at 12.5 sen
JKG Land Bhd — up three sen at 13.5 sen
MCT Bhd — up five sen at 34.5 sen
SHL Consolidated Bhd — up eight sen at RM2.09
Silver Ridge Holdings Bhd — up one sen at 90 sen
Tasco Bhd — up six sen at RM1.11
WMG Holdings Bhd — up 0.5 sen at 15 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.