KUALA LUMPUR (April 23): theedgemarkets.com highlighted 11 stocks at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum while nine indicated negative momentum.
Stocks with positive momentum were:
Sand Nisko Capital Bhd — up nine sen at 62 sen
Transocean Holdings Bhd — up 47 sen at RM3.04
Stocks with negative momentum were:
Mah Sing Group Bhd — up eight sen at RM1.02
TAS Offshore Bhd — up 3.5 sen at 30.5 sen
Silver Ridge Holdings Bhd — up two sen at RM1.03
Metrod Holdings Bhd — up six sen at RM1.51
Luxchem Corp Bhd — up 5.5 sen at 88.5 sen
Kumpulan Fima Bhd — up one sen at RM1.91
Innoprise Plantations Bhd — down six sen at RM1.26
DPS Resources Bhd — up 1.5 sen at 14.5 sen
CI Holdings Bhd — down 11 sen at RM2.50
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.