KUALA LUMPUR (July 17): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. Four had positive momentum while
one displayed negative momentum.
Stocks with positive momentum were:
Ewein Bhd — up three sen at 80 sen
Handal Resources Bhd — up 1.5 sen at 50 sen
Opcom Holdings Bhd — up four sen at 90.5 sen
Tambun Indah Land Bhd — up 2.5 sen at 90 sen
The stock with negative momentum was:
Menang Corp (M) Bhd — up four sen at 54 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.