KUALA LUMPUR (April 4): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia’s afternoon close on Monday (April 4).
Three stocks displayed positive momentum, while the other seven indicated negative momentum.
The stocks with positive momentum were:
Fiamma Holdings Bhd — up 2.5 sen at 91.5 sen
Hextar Industries Bhd — up half a sen at 35 sen
South Malaysia Industries Bhd — up one sen at 28.5 sen
The stocks with negative momentum were:
DPS Resources Bhd — up 1.5 sen at 12.5 sen
EP Manufacturing Bhd — up two sen at RM1.25
Flexidynamic Holdings Bhd — up one sen at 50.5 sen
Prolexus Bhd — up two sen at 63.5 sen
Scanwolf Corp Bhd — up 11 sen at 79 sen
Titijaya Land Bhd — up half a sen at 32 sen
Vortex Consolidated Bhd — up two sen at 12 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.