KUALA LUMPUR (Nov 26): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while eight showed negative momentum.
The stock with positive momentum was:
Bright Packaging Industry Bhd - up 0.5 sen at 26.5 sen
Stocks with negative momentum were:
Kotra Industries Bhd - up 9 sen at RM2.29
Sersol Bhd - up 0.5 sen at 10 sen
AppAsia Bhd - up one sen at 13.5 sen
MClean Technologies Bhd - up 6.5 sen at 27.5 sen
Mudajaya Group Bhd - up 0.5 sen at 32.5 sen
Freight Management Holdings Bhd - up one sen at 63 sen
Tomypak Holdings Bhd - up 2.5 sen at 55 sen
Public Packages Holdings Bhd - up 8.5 sen at 81.5 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 recommendations. 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 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.