KUALA LUMPUR (Jan 22): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. Three showed positive momentum while five had negative momentum.
Stocks with positive momentum were:
Orion IXL Bhd – up 1 sen at 15.5 sen
RGB International Bhd – down 0.5 sen at 23.5 sen
TRC Synergy Bhd – up 0.5 sen at 59 sen
Stocks with negative momentum were :
BP Plastics Holding Bhd – up 5 sen at RM1.07
Bina Puri Holdings Bhd – down 0.5 sen at 27.5 sen
Country View Bhd – up 4 sen at RM1.59
KSL Holdings Bhd – up 1.5 sen at 84.5 sen
Mesiniaga Bhd – up 34 sen at RM1.50
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.