KUALA LUMPUR (April 25): theedgemarkets.com highlighted nine stocks with momentum as Bursa Malaysia’s afternoon close today, with all nine stocks having negative momentum
The stocks with negative momentum were:
Lafarge Malaysia Bhd – up 19 sen to RM3.20
Heitech Padu Bhd – up 5.5 sen to RM1
TSR Capital Bhd – up 5.5 sen to 58.5 sen
BIMB Holdings Bhd – up three sen to RM4.63
Dolphin International Bhd – up a sen to 36 sen
Lingakaran Trans Kota Holdings Bhd (LITRAK) - unchanged at RM4.40
G3 Global Bhd – up 23 sen to RM1.30
Ekovest Bhd – up five sen to 98.5 sen
PLS Plantations Bhd – unchanged at RM1.24
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.