KUALA LUMPUR (Jan 5): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed two stocks with positive momentum and five with negative momentum.
The stocks with positive momentum are:
Fibon Bhd — up six sen at 80.5 sen
Ekovest Bhd — up six sen at RM1.19
The stocks with negative momentum are:
BP Plastics Holding Bhd — up five sen at RM1.81
Kein Hing International Bhd — up 7.5 sen at 97.5 sen
Jaya Tiasa Holdings Bhd — up 24 sen at RM1.58
WTK Holdings Bhd — up 10 sen at RM1.45
Tien Wah Press Holdings Bhd — up 17 sen at RM2.80
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.