KUALA LUMPUR (Nov 24): theedgemarkets.com highlighted nine stocks at Bursa Malaysia's afternoon break today. Three stocks showed positive momentum while six stocks had negative momentum.
The stocks with positive momentum were:
Dancomech Holdings Bhd – rose six sen at 68.5 sen
Golden Pharos Bhd – fell one sen at 26 sen
Public Packages Holdings Bhd (PPHB) – rose 8.5 sen at 80.5 sen
The stocks with negative momentum were:
Asia Brands Bhd – rose 8.5 sen at 87.5 sen
Chuan Huat Resources Bhd – rose half a sen at 33.5 sen
Eonmetall Group Bhd – fell 6.5 sen at 74 sen
Harn Len Corp Bhd – rose two sen at 71 sen
Lee Swee Kiat Group Bhd – rose four sen at 68.5 sen
Signature International Bhd – rose 2.5 sen at 38.5 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.