KUALA LUMPUR (Dec 26): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close today. Four stocks had positive momentum while one showed negative momentum.
Stocks with postive momentum were:
Rimbunan Sawit Bhd - up two sen at 37.5 sen
JCY International Bhd - up 2.5 sen at 29 sen
Bina Darulaman Bhd - up five sen at 41 sen
Gunung Capital Bhd - up three sen at 50 sen
The stock with negative momentum was :
Jaya Tiasa Holdings Bhd - up four sen at 99 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 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.