KUALA LUMPUR (Feb 28): theedgemarkets.com has highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum, with four displaying negative momentum.
The stocks with positive momentum were:
Kanger International Bhd – unchanged at 11.5 sen
Ornapaper Bhd – down eight sen at RM1.25
The stocks with negative momentum were:
Can-One Bhd – down seven sen at RM2.97
JAG Bhd – up half a sen at five sen
Opensys (M) Bhd– down three sen at 38.5 sen
Southern Acids (M) Bhd – down ten sen at RM3.71
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.