KUALA LUMPUR (Nov 25): theedgemarkets.com highlighted five stocks at Bursa Malaysia's afternoon break today. Two stocks showed positive momentum while three stocks had negative momentum.
The stocks with positive momentum were:
Maxim Global Bhd – up 2.5 sen to 32 sen
Success Transformer Corp Bhd – up nine sen to 69 sen
The stocks with negative momentum were:
Cypark Resources Bhd – up five sen to RM1.25
Petra Energy Bhd – up 19 sen to RM1.12
Public Packages Holdings Bhd – down seven sen to 95 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.