KUALA LUMPUR (Nov 30): theedgemarkets.com highlighted 11 stocks with negative momentum at Bursa Malaysia's afternoon break today.
The stocks with negative momentum were:
JF Technology Bhd — up 42 sen at RM4.82
Asia Media Group Bhd — unchanged at 14 sen
Hengyuan Refining Co Bhd — up 38 sen at RM4.32
Cymao Holdings Bhd — up 4.5 sen at 36 sen
Sarawak Plantation Bhd — up 12 sen at RM2.31
Mentiga Corp Bhd — up five sen at 63 sen
Leon Fuat Bhd — up six sen at 50.5 sen
Superlon Holdings Bhd — up 4.5 sen at 87.5 sen
Freight Management Holdings Bhd — up 3.5 sen at 85 sen
Public Packages Holdings Bhd — up 17.5 sen at RM1.11
Tiong Nam Logistics Holdings Bhd — up 10.5 sen at 87 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.