KUALA LUMPUR (March 18): theedgemarkets.com highlighted 14 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and 12 with negative momentum.
Stock with positive momentum was:
Crest Builder Holdings Bhd – up 10 sen at RM1.14
Land & General Bhd – up 0.5 sen at 16 sen
Stocks with negative momentum were:
Brite-Tech Bhd – down 0.5 sen at 31.5 sen
Carimin Petroleum Bhd – up 3 sen at 96 sen
Destini Bhd – up 2 sen at 33.5 sen
Federal International Holdings Bhd – up 1.5 sen at 46.5 sen
LB Aluminium Bhd – up 2 sen at 52 sen
Marine & General Bhd – up 0.5 sen at 10.5 sen
Master-Pack Group Bhd – up 1 sen at 85 sen
Mieco Chipboard Bhd – up 0.5 sen at 29.5 sen
Minho (M) Bhd – unchanged at 31.5 sen
MSCM Holdings Bhd – up 1 sen at 26.5 sen
Orion IXL Bhd – up 1.5 sen at 20.5 sen
Public Packages Holdings Bhd – up 2 sen at 62.5 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.