KUALA LUMPUR (March 23): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon break today. Four stocks displayed positive momentum, with the balance showing negative momentum.
The stocks with positive momentum were:
MAA Group Bhd — up 4.5 sen at 95 sen
Eastern & Oriental Bhd (E&O) — up 3.5 sen at 54 sen
PAOS Holdings Bhd — down one sen at 40 sen
CB Industrial Product Holding Bhd (CBIP) — up 10 sen at RM1.30
The stocks with negative momentum were:
Tashin Holdings Bhd — down 1.5 sen at 43.5 sen
Gopeng Bhd — up 10 sen at RM1.17
Berjaya Corp Bhd — up 5.5 sen at 28 sen
Rohas Technic Bhd — down half a 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.