KUALA LUMPUR (Jan 26): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday (Jan 26). One stock displayed positive momentum, while five showed negative momentum.
The stock with positive momentum was:
South Malaysia Industries Bhd (SMI) — down half a sen at 26.5 sen
The stocks with negative momentum were:
Ancom Logistics Bhd — up 2.5 sen at 30.5 sen
Bonia Corporation Bhd — up nine sen at RM1.58
Cocoaland Holdings Bhd — up four sen at RM1.18
Imaspro Corporation Bhd — up three sen at RM2.60
Woodlandor Holdings Bhd — up four sen at RM1.40
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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com