KUALA LUMPUR (Feb 15): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. One showed positive momentum while six had negative momentum.
The stock with positive momentum was:
China Ouhua Winery Holdings Ltd – up 0.5 sen at 6 sen
Stocks with negative momentum were:
Can-One Bhd – up 2 sen at RM2.70
Fajarbaru Builder Group Bhd – up 1.5 sen at 39.5 sen
Insas Bhd – up 1.5 sen at 87.5 sen
Kian Joo Can Factory Bhd – up 1 sen at RM3.01
KUB Malaysia Bhd – down 0.5 sen at 44.5 sen
Silver Ridge Holdings Bhd – down 0.5 sen at 31.5 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 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 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.