KUALA LUMPUR (Nov 18): theedgemarkets.com highlighted 10 stocks at Bursa Malaysia’s afternoon break today. Two stocks displayed positive momentum, while eight stocks indicated negative momentum.
The stocks with positive momentum were:
Chemical Company of Malaysia Bhd (CCM) — up 17 sen at RM2.96
MHC Plantations Bhd — up three sen at 70.5 sen
The stocks with negative momentum were:
Alcom Group Bhd — up 13 sen at 63 sen
Amway (Malaysia) Holdings Bhd — up five sen at RM5.15
A-Rank Bhd — unchanged at 55 sen
Latitude Tree Holdings Bhd — up 15 sen at RM4.08
LBI Capital Bhd — up one sen at 84.5 sen
Malayan Cement Bhd — up 11 sen at RM2.41
P.I.E. Industrial Bhd — up 14 sen at RM2.23
Tiong Nam Logistics Holdings Bhd — up 4.5 sen at 76.5 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 prices 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 the 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