KUALA LUMPUR (Nov 17): theedgemarkets.com highlighted nine stocks at Bursa Malaysia’s afternoon break today. Three stocks showed positive momentum, while six stocks displayed negative momentum.
The stocks with positive momentum were:
CJ Century Logistics Holdings Bhd – rose 3.5 sen to 45.5 sen
SEG International Bhd – unchanged at 63.5 sen
Tiong Nam Logistics Holdings Bhd – rose 23 sen to 81 sen
The stocks with negative momentum were:
Tri-Mode System (M) Bhd – rose 4.5 sen to 52 sen
A-Rank Bhd – unchanged at 52.5 sen
Hexza Corp Bhd – fell three sen to RM1.32
OKA Corp Bhd – rose half a sen to 62.5 sen
Rex Industry Bhd – fell 2.5 sen to 18.5 sen
Sapura Resources Bhd – rose half a sen to 43.5 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.