KUALA LUMPUR (Apr 4): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia’s afternoon market close today. Three stocks displayed positive momentum while seven other stocks showed negative momentum.
Stocks with positive momentum were:
Gadang Holdings Bhd - up 2.5 sen or 3.65% at 71 sen
KNM Group Bhd - up 0.5 sen or 3.33% at 15.5 sen
WCE Holdings Bhd - up 1.5 sen or 2.75% at 56 sen
Stocks with negative momentum were:
DRB-Hicom Bhd - up 6 sen or 3.08% at RM2.01
Hock Heng Stone Industries Bhd - down 1.5 sen or 2.13% at 69 sen
Nationwide Express Holdings Bhd - up 3 sen or 10.00% at 33 sen
PeterLabs Holdings Bhd - up 1 sen or 2.74% at 37.5 sen
Scomi Energy Services Bhd - up 2 sen or 19.05% at 12.5 sen
TH Heavy Engineering Bhd - up 0.5 sen or 7.69%at 7 sen
WCT Holdings Bhd - up 5 sen or 5.88% at 90 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.