KUALA LUMPUR (Nov 22): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia’s afternoon close today. Four stocks displayed positive momentum while six showed negative momentum.
Stocks with positive momentum were:
Jaya Tiasa Holdings Bhd — up 1.5 sen at 61.5 sen
Matang Bhd — up 1 sen at 8 sen
Thong Guan Industries Bhd — up 14 sen at RM3.56
TSH Resources Bhd — up 4 sen at RM1.19
Stocks with negative momentum were:
Chin Hin Group Bhd — up 2 sen at 91.5 sen
Daibochi Bhd — up 6 sen at RM2.28
Hap Seng Plantations Holdings Bhd — up 16 sen at RM1.84
IGB Bhd — up 33 sen at RM3.03
Revenue Group Bhd — up 7 sen at RM1.83
Rohas Tecnic Bhd — up 2.5 sen at 77.5 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.