KUALA LUMPUR (April 16): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's afternoon market close today. Four stocks had positive momentum while the rest displayed negative momentum.
The stock with positive momentum was:
Olympia Industries Bhd - unchanged at 12.5 sen
Dutaland Bhd - up 3 sen to 53 sen
Kimlun Corporation Bhd - up 5 sen to RM1.3
Yinson Holdings Bhd - unchanged at RM4.62
Stocks with negative momentum were:
MBM Resources Bhd - up 2 sen to RM3.02
Astral Asia Bhd - up 1.5 sen to 16.5 sen
DWL Resources Bhd - down six sen to RM1.06
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.