KUALA LUMPUR (Nov 18): theedgemarkets.com has highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. All right stocks displayed negative momentum.
The stocks with negative momentum were:
BTM Resources Bhd – unchanged at 19 sen
GDB Holdings Bhd – up 3 sen to 46.5 sen
JHM Consolidation Bhd – up 4 sen to RM1.45
Gagasan Nadi Cergas Bhd – up 1.5 sen to 28 sen
P.A. Resources Bhd – up 0.5 sen to 6.5 sen
P.I.E. Industrial Bhd – up 2 sen to RM1.50
Rohas Tecnic Bhd – up 3.5 sen to 73.5 sen
Thong Guan Industries Bhd – up 14 sen to RM3.13
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 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.