KUALA LUMPUR (Sept 25): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks show positive momentum while three show negative momentum.
Stocks with positive momentum are:
D&O Green Technologies Bhd — up three sen at 33.5 sen
Tecnic Group Bhd — up 11 sen at RM1.46
Stocks with negative momentum are:
BP Plastics Holdings Bhd — up seven sen at RM1.26
Datasonic Group Bhd — up seven sen at RM1.43
Luxchem Corp Bhd — up four sen at RM1.37
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.)