KUALA LUMPUR (Nov 19): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia's afternoon break today. One stock showed positive momentum while 10 stocks indicated positive momentum.
Stock with positive momentum was:
Rexit Bhd – up 4.5 sen at 89.5 sen
Stocks with negative momentum were:
Amtel Holdings Bhd – up 17 sen at RM1.60
Amway (Malaysia) Holdings Bhd – up 22 sen at RM5.34
Analabs Resources Bhd – up two sen at RM1.15
Golden Land Bhd – up four sen at 44 sen
Khind Holdings Bhd – up eight sen at RM2.23
Latitude Tree Holdings Bhd – down three sen at RM4.07
MHC Plantations Bhd – up four sen at 75.5 sen
P.A. Resources Bhd – up one sen at 14 sen
Solution Group Bhd – unchanged at 95.5 sen
Xin Hwa Holdings Bhd – up 2.5 sen at 40.5 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.