KUALA LUMPUR (Sep 24): theedgemarkets.com highlighted six stocks at Bursa Malaysia’s afternoon close today. Three stocks displayed positive momentum while the other three indicated negative momentum.
The stocks with positive momentum were:
Parlo Bhd – up 1.5 sen to 56 sen
Vertice Bhd – up 8.5 sen to 36 sen
Widad Group Bhd – up 0.5 sen to 57 sen
The stocks with negative momentum were:
Metronic Global Bhd – up 0.5 sen to 8.5 sen
Sinmah Capital Bhd – down three sen to 24 sen
Top Glove Corp Bhd – up 43 sen to RM8.45
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.