Thursday 25 Apr 2024
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KUALA LUMPUR (Feb 10?): theedgemarkets.com highlighted 20 stocks with momentum at Bursa Malaysia's afternoon market close today. One stock showed positive momentum while 19 had negative momentum.
 
The stock with positive momentum was :
 
Permaju Industries Bhd – up 1.5 sen at 19 sen
 
Stocks with negative momentum included :

Benalec Holdings Bhd – up 1.5 sen at 51.5 sen

BSL Corp Bhd - up 1.5 sen at 34.5 sen

Denko Industrial Corp Bhd – up 1.5 sen at 64.5 sen

Bonia Corp Bhd – down 0.5 sen at 58.5 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.

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