KUALA LUMPUR (Dec 23): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia’s afternoon break today. Only one stock displayed positive momentum, while nine showed negative momentum.
Stock with positive momentum was:
SWS Capital Bhd — up three sen at 78 sen
Stocks with negative momentum were:
Jiankun International Bhd — down 10.5 sen at 58 sen
Lion Industries Corp Bhd — up 5.5 sen at 58.5 sen
PIE Industrial Bhd — up 16 sen at RM2.36
Scope Industries Bhd — up 2.5 sen at 32 sen
Seni Jaya Corp Bhd — up two sen at 94 sen
Sinmah Capital Bhd — up eight sen at 47.5 sen
Southern Steel Bhd — up four sen at 79 sen
Versatile Creative Bhd — up 10 sen at 82 sen
WMG Holdings Bhd — up 3.5 sen at 18.5 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.
Edited by Joyce Goh