KUALA LUMPUR (Feb 9): theedgemarkets.com highlighted 16 stocks with momentum at Bursa Malaysia's afternoon close today. Two stocks showed positive momentum while the remaining 14 stocks displayed negative momentum.
The stocks with positive momentum were:
Fiamma Holdings Bhd – up 3.5 sen at 62.5 sen
Theta Edge Bhd – up seven sen at 97 sen
The stocks with negative momentum were:
Dagang NeXchange Bhd (DNeX) – up three sen at 40 sen
YBS International Bhd – up five sen at 34.5 sen
TCS Group Holdings Bhd – up 2.5 sen at 55.5 sen
QES Group Bhd – up two sen at 53 sen
Pinehill Pacific Bhd – up three sen at 63 sen
Pansar Bhd – up half a sen at 71.5 sen
Opcom Holdings Bhd – up 16.5 sen at 72 sen
MGB Bhd – up five sen at 93 sen
Knusford Bhd – down two sen at RM1
Harbour-Link Group Bhd – up four sen at RM1.01
Classic Scenic Bhd – up 14 sen at RM1.28
Coastal Contracts Bhd – up 1.5 sen at 74 sen
Central Global Bhd (CGB) – up 20 sen at RM1.45
Advanced Packaging Technology (M) Bhd – up five sen at RM2.55
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.