KUALA LUMPUR (Jan 10): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia's afternoon close today. The list showed three stocks with positive momentum and eight with negative momentum.
Stocks with positive momentum were:
Focus Point Holdings Bhd -- up 5.5 sen at 45.5 sen
Malaysian Genomics Resource Centre Bhd -- up 2 sen at 22.5 sen
Mudajaya Holdings Bhd -- up 5.5 sen at 45 sen
Stocks with negative momentum were:
Advance Synergy Bhd -- up 1 sen at 14 sen
CRG Incorporated Bhd -- unchanged at 8 sen
Dataprep Holdings Bhd -- down 1.5 sen at 26 sen
KESM Industries Bhd -- up 47 sen at RM9.83
Pansar Bhd -- up 1.5 sen at 65 sen
PCCS Group Bhd -- up 1.5 sen at 51 sen
Peterlabs Holdings Bhd -- up 1 sen at 24 sen
Sersol Bhd -- up 3.5 sen at 14 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.