KUALA LUMPUR (April 26): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's noon market close today. Two stock displayed positive momentum while five stocks showed negative momentum.
The stock with positive momentum was:
Eupe Corp Bhd - up 2.5 sen to 73.5 sen
G3 Global Bhd - up 17 sen to RM1.56
The stock with negative momentum was:
TMC Life Sciences Bhd - down one sen to 79 sen
Rimbunan Sawit Bhd - up three sen to 27 sen
Seremban Engineering Bhd - unchanged at 46 sen
BIMB Holdings Bhd - up six sen to RM4.66
Astral Asia Bhd - up one sen to 19.5 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.