KUALA LUMPUR (Dec 15): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s midday break today. Two stocks displayed positive momentum, while five showed negative momentum.
Stocks with positive momentum were:
Sino Hua-An International Bhd – up three sen at 19 sen
Ta Win Holdings Bhd – up half a sen at 23 sen
Stocks with negative momentum were:
AYS Ventures Bhd – up 3.5 sen at 29.5 sen
Jiankun International Bhd – unchanged at 58 sen
NWP Holdings Bhd – up three sen at 29.5 sen
SKB Shutters Corp Bhd – down 6.5 sen at 61 sen
Widad Group Bhd – up 3.5 sen at 69.5 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.