KUALA LUMPUR (Sep 27): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock displayed positive momentum while eight other stocks showed negative momentum.
The stock with positive momentum was:
Focus Dynamics Group Bhd - up 1.5 sen or 11.54% at 14.5 sen
Stocks with negative momentum were:
A-Rank Bhd - up 7.5 sen or 10.00% at 82.5 sen
AWC Bhd - up 3 sen or 3.53% at 88 sen
Chin Well Holdings Bhd - up 5 sen or 2.63% at RM1.95
Kumpulan H & L High-Tech Bhd - up 5 sen or 3.60% at RM1.44
Kelington Group Bhd - up 0.5 sen or 0.51% at 99.5 sen
KKB Engineering Bhd - up 5 sen or 5.35% at 98.5 sen
MMS Ventures Bhd - up 3 sen or 2.14% at RM1.43
Ni Hsin Resources Bhd - down 0.5 sen or 1.70% at 29 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.