KUALA LUMPUR (Oct 6): theedgemarkets.com highlighted five stocks at Bursa Malaysia’s afternoon close today. Three stocks displayed positive momentum while two indicated negative momentum.
The stocks with positive momentum were:
DPI Holdings Bhd - up 0.5 sen at 28 sen
HIL Industries Bhd - up six sen at 89 sen
Sinmah Capital Bhd - up 3.5 sen at 31 sen
The stocks with negative momentum were:
JF Technology Bhd - up 14 sen at RM3.97
Versatile Creative Bhd - up 1.5 sen at 79.5 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.