KUALA LUMPUR (Jan 11): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and nine with negative momentum.
Stocks with positive momentum were:
Ireka Corp Bhd – down 1.5 sen at 78 sen
Zhulian Corp Bhd – up 10 sen at RM1.92
Stocks with negative momentum were:
CCM Duopharma Biotech Bhd – unchanged at RM2.79
Goldis Bhd – unchanged at RM3.00
LPI Capital Bhd – up 28 sen at RM19.70
MB World Group Bhd – down nine sen at RM2.21
Malayan Flour Mills Bhd – up nine sen at RM2.07
PA Resources Bhd – unchanged at 10 sen
Poly Glass Fibre (M) Bhd – up three sen at 56 sen
Sungei Bagan Rubber Company (Malaya) Bhd – unchanged at RM3.10
See Hup Consolidated Bhd – up four sen at RM1.30
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.