KUALA LUMPUR (Mar 15): theedgemarkets.com highlighted eighteen stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed one stocks with positive momentum and 17 with negative momentum.
Stocks with positive momentum were:
OCK Group Bhd — up 3.5 sen at 61.5 sen
Stocks with negative momentum were:
UCrest Bhd — up one sen at 29 sen
Orion IXL Bhd — unchanged at 18 sen
Bahvest Resources Bhd — up four sen at 71 sen
Tri-Mode System (M) Bhd — up two sen at 45 sen
Iskandar Waterfront City Bhd — up three sen at 75.5 sen
Hiap Teck Venture Bhd — up one sen at 32 sen
Marine & General Bhd — up 0.5 sen at 10 sen
Can-One Bhd — up 18 sen at RM3.10
SeaLink International Bhd — up three sen at 22.5 sen
Tambun Indah Bhd — up four sen at 82 sen
Berjaya Food Bhd — up nine sen at RM1.60
PCCS Group Bhd — up 2.5 sen at 40.5 sen
Master-Pack Group Bhd — up six sen at 82 sen
Uzma Bhd — up two sen at RM1.07
Eden Inc Bhd — up 0.5 sen at 12.5 sen
Taliworks Corp Bhd — up 3.5 sen at 91 sen
Sinmah Capital Bhd — up 2.5 sen at 23.5 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.