KUALA LUMPUR (Dec 2): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while seven showed negative momentum.
The stock with positive momentum was:
Daibochi Bhd - up 10 sen at RM2.38
Stocks with negative momentum were:
Pinehill Pacific Bhd - up three sen at 46.5 sen
Ancom Bhd - up one sen at 50 sen
MCT Bhd - up 3.5 sen at 33 sen
Minho (M) Bhd - up one sen at 27 sen
SHL Consolidated Bhd - up 33 sen at RM2.75
Eden Inc Bhd - up 0.5 sen at 15 sen
Public Packages Holdings Bhd - up 10.5 sen at 91 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 recommendations. 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 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.