KUALA LUMPUR (March 30): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum, while seven showed negative momentum.
The stock with positive momentum was:
I-Bhd — up four sen at 32.5 sen
The stocks with negative momentum were:
Berjaya Corp Bhd (BCorp) — up 1.5 sen at 35 sen
Leon Fuat Bhd — up three sen at 71 sen
Minda Global Bhd — up two sen at 10.5 sen
Mulpha International Bhd — up nine sen at RM1.59
Pantech Group Holdings Bhd — unchanged at 49.5 sen
Paragon Globe Bhd — up 30 sen at 89.5 sen
WCE Holdings Bhd — up 1.5 sen at 49.5 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.