KUALA LUMPUR (March 19): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon close today. Only one stock showed positive momentum, while 10 stocks indicated negative momentum.
The stock with positive momentum was:
Star Media Group Bhd — rose three sen to 45 sen
The stocks with negative momentum were:
Astino Bhd — rose 4.5 sen to RM1.04
Cuscapi Bhd — rose five sen to 31 sen
Gopeng Bhd — rose three sen to RM1.31
Heng Huat Resources Group Bhd — rose 10.5 sen to 69.5 sen
Jaycorp Bhd — rose five sen to RM1.86
Minda Global Bhd — unchanged at eight sen
Poly Glass Fibre (M) Bhd — rose half a sen to 60 sen
Sin Heng Chan (Malaya) Bhd — rose 25.5 sen to 79 sen
Superlon Holdings Bhd — rose four sen to 94 sen
UCrest Bhd — rose 1.5 sen to 22 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com