KUALA LUMPUR (Nov 25): 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:
Cepatwawasan GroupBhd — up 2 sen at 62 sen
Stocks with negative momentum were:
Inch Kenneth Kajang Rubber Public Ltd Co — up 1.5 sen at 61.5 sen
MHC Plantations Bhd — up 3 sen at 63 sen
Ornapaper Bhd — up 7 sen at RM1.09
Rimbunan Sawit Bhd — up 1.5 sen at 21 sen
Eco World International Bhd — up 11 sen at 93.5 sen
Master-Pack Group Bhd — up 34 sen at RM2.35
CB Industrial Product Holding Bhd - up 0.5 sen at 96.5 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.