KUALA LUMPUR (April 5): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close today, with all stocks having negative momentum.
The stocks with negative momentum were:
Talam Transform Bhd - up half a sen to 5.5 sen
Cahya Mata Sarawak Bhd – up 18 sen to RM3.67
WCE Holdings Bhd – up four sen to 62 sen
Scomi Energy Services Bhd – down a sen to 12 sen
Priceworth International Bhd – unchanged at seven sen
Prinsiptek Corporation Bhd – unchanged at 13.5 sen
Bio Osmo Bhd – up half a sen to 6.5 sen
Majuperak Holdings Bhd – up 1.5 sen to 28 sen
Salcon Bhd – up half a sen to 29 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.