KUALA LUMPUR (Nov 12): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia's afternoon break today. Eight stocks showed negative momentum while two stocks indicated positive momentum.
Stocks with positive momentum were:
AT Systematization Bhd – down 2.5 sen at 24.5 sen
BSL Corp Bhd – up 1.5 sen at 35 sen
Stocks with negative momentum were:
Artroniq Bhd – up 3.5 sen at 27 sen
HIL Industries Bhd – up 10 sen at RM1.17
Integrated Logistics Bhd – up eight sen at 66.5 sen
IQ Group Holdings Bhd – up seven sen at RM1.34
MRCB-Quill REIT – up three sen at 82.5 sen
Metronic Global Bhd – up six sen at 14.5 sen
South Malaysia Industries Bhd – up 0.5 sen at 18.5 sen
Technodex Bhd – up one sen at 21.5 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com