KUALA LUMPUR (Oct 5): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks show positive momentum while nine stocks show negative momentum.
Stocks with positive momentum are:
China Stationery Ltd — up one sen at 12 sen
D&O Green Technologies Bhd — up 0.5 sen at 36.5 sen
Stocks with negative momentum are:
Global Oriental Bhd — up three sen at 60.5 sen
Johore Tin Bhd — up nine sen at RM1.80
Tomypak Holdings Bhd — down two sen at 83.7 sen
MQ Technology Bhd — up 0.5 sen at 12 sen
XOX Bhd up — one sen at 10 sen
LCTH Corp Bhd — up two sen at 67.5 sen
BP Plastics Holding Bhd — up eight sen at RM1.35
Ajiya Bhd — up 24 sen at RM3.34
Instacom Group Bhd — up 2.5 sen at 20 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.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)