KUALA LUMPUR (Dec 19): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and seven with negative momentum.
Stock with positive momentum was:
Diversified Gateway Solutions Bhd – up three sen at 11.5 sen
Stocks with negative momentum were:
CAM Resources Bhd – up 1.5 sen at 39 sen
D&O Green Technologies Bhd – up 0.5 sen at 70 sen
Hai-O Enterprise Bhd – up three sen at RM5.50
Harbour-Link Group Bhd – up 0.5 sen at 75.5 sen
Nova MSC Bhd – up one sen at 11.5 sen
SC Estate Builder Bhd – unchanged at 4.5 sen
YTL Hospitality REIT – down one sen at RM1.20
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.