KUALA LUMPUR (July 31): theedgemarkets.com highlighted three stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks displayed positive momentum while one showed negative momentum.
Stocks with positive momentum were:
Kumpulan Perangsang Selangor – up 2 sen at RM1.96
Xidelang Holding Ltd – up 2.5 sen at 18 sen
Stock with negative momentum was:
Chin Teck Plantations Bhd – up 25 sen at RM7.50
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 differentiatesbetweenstocks 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 persistsfor 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.