KUALA LUMPUR (Sept 24): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum, while six showed negative momentum.
Stocks with positive momentum were:
MMS Ventures Bhd – up 13 sen at RM1.26
Opcom Holdings Bhd – up 14 sen at RM1.14
Stocks with negative momentum were:
Computer Forms (Malaysia) Bhd – up 22 sen at 93.5 sen
CJ Century Logistics Holdings Bhd – up 1 sen at 56 sen
PMB Technology Bhd – up 18 sen at RM13.14
Pan Malaysia Corp Bhd – up 0.5 sen at 12.5 sen
Teladan Setia Group Bhd – up 5.5 sen at 76 sen
VisDynamics Holdings Bhd – up 31 sen at RM1.37
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.