KUALA LUMPUR (March 19): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s noon market break today. It showed two with positive momentum and nine with negative momentum.
Stock with positive momentum were:
Crest Builder Holdings Bhd – down four sen or 3.42% at RM1.13
Eden Inc Bhd – up one sen or 8% at 13.5 sen
Stocks with negative momentum were:
Three-A Resources Bhd – up 4.5 sen or 5.09% at 93 sen
Damansara Realty Bhd – unchanged at 54 sen
Kian Joo Can Factory Bhd – up one sen or 0.32% at RM3.10
KomarkCorp Bhd – up half a sen or 2.08% at 24.5 sen
Magni-Tech Industries Bhd – up 19 sen or 4.08% at RM4.85
MTD ACPI Engineering Bhd – up half a sen or 2.7% at 19 sen
MSCM Holdings Bhd – down one sen or 3.85% at 25 sen
QES Group Bhd – up half a sen or 2.04% at 25 sen
Thriven Golbal Bhd – up one sen or 4.17% at 25 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.