KUALA LUMPUR (Jan 24): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. One showed positive momentum while five displayed negative momentum.
The stock with positive momentum was:
WZ Satu Bhd – up 2.5 sen at 35.5 sen
Stocks with negative momentum were:
IGB Real Estate Investment Trust – up 1 sen at RM1.79
Karambunai Corp Bhd – up 1.5 sen at 11 sen
Peterlabs Holdings Bhd – unchanged at 31 sen
Rimbunan Sawit Bhd – up 2 sen at 21 sen
Xin Hwa Holdings Bhd – up 0.5 sen at 80 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.