KUALA LUMPUR (March 14): theedgemarkets.com highlighted 21 stocks with momentum at Bursa Malaysia’s afternoon close today. One stock had positive momentum, while 20 stocks had negative momentum.
The stock with positive momentum was:
KKB Engineering Bhd – up 14 sen to RM1.36.
The stocks with negative momentum were:
IFCA MSC Bhd – up half a sen to 45 sen
Zelan Bhd – up half a sen to 10.5 sen
Sino Hua-An International Bhd – up four sen to 26 sen
Plenitude Bhd – up four sen to RM1.52
Hock Heng Stone Industries Bhd – up 1.5 sen to 56 sen
Turbo-Mech Bhd – up 2.5 sen to 79 sen
Sarawak Cable Bhd – up 2.5 sen to 43.5 sen
Datasonic Group Bhd – up 1.5 sen to 52.5 sen
Bermaz Auto Bhd – up seven sen to RM2.31
Reach Energy Bhd – up a sen to 34 sen
Carimin Petroleum Bhd – up nine sen to 92.5 sen
MTD ACPI Engineering Bhd – up half a sen to 16.5 sen
MCE Holdings Bhd – unchanged at 62 sen
B.I.G Industries Bhd – up two sen to 49.5 sen
Zecon Bhd – up five sen to 31.5 sen
Scomi Energy Services Bhd – up a sen to seven sen
TH Heavy Bhd – up a sen to seven sen
Destini Bhd – up five sen to 30.5 sen
Ni Hsin Resources Bhd – down half a sen to 30.5 sen.
Handal Resources Bhd – up two sen to 38 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.