KUALA LUMPUR (Oct 15): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia's afternoon close today. All stocks displayed negative momentum.
The stocks with negative momentum were:
AT Systematization Bhd - unchanged at seven sen
EG Industries Bhd - unchanged at 40.5 sen
Magni-Tech Industries Bhd - up three sen at RM2.63
MESB Bhd - up three sen at 50.5 sen
Nova Wellness Group Bhd - up two sen at 65.5 sen
Perak Transit Bhd - up 0.5 sen at 21 sen
Sarawak Consolidated Industries Bhd - up nine sen at RM1.25
WZ Satu Bhd - up 1.5 sen at 28.5 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.