KUALA LUMPUR (Jan 23): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. Two showed positive momentum while seven displayed negative momentum.
Stocks with positive momentum were:
HeiTech Padu Bhd – down 5 sen at 89.5 sen
Vsolar Group Bhd – unchanged at 13.5 sen
Stocks with negative momentum were:
Complete Logistic Services Bhd – up 2 sen at 70 sen
Country View Bhd – down 5 sen at RM1.54
Genting Plantations Bhd – down 2 sen at RM10
KSL Holdings Bhd – down 0.5 sen at 84 sen
Mesiniaga Bhd – up 31 sen at RM1.81
Syarikat Takaful Malaysia Keluarga Bhd – unchanged at RM3.87
Transocean Holdings Bhd – down 3.5 sen at 82.5 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.