KUALA LUMPUR (March 26): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. Two stock displayed positive momentum, while six showed negative momentum.
The stocks with positive momentum were:
Eupe Corp Bhd — up 10 sen at RM1.03
MAA Group Bhd — up one sen at RM1
The stocks with negative momentum were:
HPMT Holdings Bhd — up 6.5 sen at 61 sen
Matang Bhd — up 1.5 sen at 12.5 sen
Nextgreen Global Bhd (NGGB) — up half a sen at 52 sen
Pineapple Resources Bhd — up 17.5 sen at 95 sen
Resintech Bhd — up one sen at 47.5 sen
Success Transformer Corp Bhd — up 1.5 sen at 88 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com