SMI, Timberwell, Woodlandor, Cocoaland, Bonia

SMI, Timberwell, Woodlandor, Cocoaland, Bonia
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KUALA LUMPUR (Jan 28): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close on Friday (Jan 28). Two stocks displayed positive momentum, while three indicated negative momentum.

The stocks with positive momentum were:

South Malaysia Industries Bhd (SMI) — up half a sen at 26.5 sen

Timberwell Bhd — up 10 sen at 78 sen

The stocks with negative momentum were:

Woodlandor Holdings Bhd — up 30 sen at RM1.78

Cocoaland Holdings Bhd — up seven sen at RM1.23

Bonia Corp Bhd — down nine sen at RM1.48

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

Surin Murugiah