KUALA LUMPUR (Dec 27): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks had positive momentum while four showed negative momentum.
Stocks with postive momentum were:
Ta Ann Holdings Bhd — up 15 sen at RM3.45
Rimbunan Sawit Bhd — up 1.5 sen at 39.5 sen
Stocks with negative momentum were:
TDM Bhd — up 1.5 sen at 33.5 sen
CSC Steel Holdings Bhd — unchanged at RM1.03
Serba Dinamik Holdings Bhd — up four sen at RM2.09
Cepatwawasan Group Bhd — up 1.5 sen at 69.5 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 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.