KUALA LUMPUR (Jan 8): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. Three stocks displayed positive momentum while three other stocks showed negative momentum.
Stocks with positive momentum were:
Inix Technologies Holdings Bhd - down 0.5 sen or 4.35% at 11 sen
London Biscuits Bhd - unchanged at 64 sen
Xidelang Holdings Ltd - unchanged at 12.5 sen
Stocks with negative momentum were:
Berjaya Land Bhd - up 1.5 sen or 5.56% at 28.5 sen
Dancomech Holdings Bhd - up 1.5 sen or 3.26% at 47.5 sen
Johore Tin Bhd - up 6 sen or 5.66% at RM1.12
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.