KUALA LUMPUR (Feb 15): theedgemarkets.com highlighted 17 stocks with negative momentum at Bursa Malaysia's afternoon close today.
The stocks with negative momentum were:
Classic Scenic Bhd — up three sen at RM1.30
Dagang NeXchange Bhd (DNeX) — up 8.5 sen at 51.5 sen
Freight Management Holdings Bhd — up 12 sen at RM1.66
Genetec Technology Bhd — up 72 sen at RM5.47
Kumpulan H&L High-Tech Bhd — up 13 sen at RM2.57
Grand Hoover Bhd — up 40 sen at RM1.76
Kerjaya Prospek Property Bhd — up 11 sen at RM1.26
KYM Holdings Bhd — up half a sen at 39.5 sen
LB Aluminium Bhd — up three sen at 67.5 sen
Mentiga Corp Bhd — up 10 sen at 98 sen
Pacific & Orient Bhd (P&O) — up 3.5 sen at 91 sen
Pimpinan Ehsan Bhd (PEB) — up one sen at 99 sen
Pestech International Bhd — up 13 sen at RM1.36
Resintech Bhd — up three sen at 49 sen
Revenue Group Bhd — up eight sen at RM1.94
Widetech (Malaysia) Bhd — up 27 sen at RM1.22
Xian Leng Holdings Bhd — up half a sen at 97 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.