KUALA LUMPUR (April 6): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum, while ten showed negative momentum.
Stocks with positive momentum were:
Eco World Development Group Bhd (EcoWorld) — down 0.5 sen at 70 sen
Gabungan AQRS Bhd — unchanged at 70 sen
Stocks with negative momentum were:
BLD Plantation Bhd — up 30 sen at RM8.50
Central Global Bhd — down four sen at RM1.64
Dolphin International Bhd — up 0.5 sen at 11 sen
Ekovest Bhd — unchanged at 50 sen
HCK Capital Group Bhd — up two sen at RM1.36
Ivory Properties Group Bhd — unchanged at 22 sen
Kumpulan Jetson Bhd — up one sen at 24 sen
JKG Land Bhd – up 0.5 sen at 14 sen
Manulife Holdings Bhd — up four sen at RM2.21
YTL Corporation Bhd — up 1.5 sen at 72 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.
Edited by Joyce Goh
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com