KUALA LUMPUR (Jan 15): theedgemarkets.com highlighted 8 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and seven with negative momentum.
Stock with positive momentum was:
Sumatec Resources Bhd – up 2.5 sen at 9.5 sen
Stocks with negative momentum were:
Cloudaron Group Bhd – unchanged at 25 sen
Kretam Holdings Bhd – up 1.5 sen at 63 sen
Kuchai Development Bhd – up 10 sen at RM2.38
MPHB Capital Bhd – up four sen at RM1.67
Sern Kou Resources Bhd – up three sen at RM1.52
T7 Global Bhd – up 7.5 sen at 52.5 sen
Tomypak Holdings Bhd – up two sen at RM1.04
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.