KUALA LUMPUR (Feb 12): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and eight with negative momentum.
Stocks with positive momentum were:
Naim Holdings Bhd up 2.5 sen at 72 sen
Symphony Life Bhd up 2 sen at 39.5 sen
Stocks with negative momentum were:
Berjaya Assets Bhd down one sen at 30 sen
Ekovest Bhd up one sen at 57.5 sen
GFM Services Bhd up 1.5 sen at 50 sen
LTKM up three sen at RM1.28
Pecca Group Bhd up one sen at 88 sen
Sinmah Capital Bhd unchanged at 19 sen
Teo Seng Capital Bhd up six sen at RM1.11
VSolar Group Bhd up 0.5 sen at 16.5 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.