KUALA LUMPUR (Feb 18): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close today. One stock has positive momentum, while eight stocks have negative momentum.
The stock with positive momentum was:-
TAS Offshore Bhd - up one sen to 30 sen.
The stocks with negative momentum were:-
VSolar Group Bhd – up one sen to 17 sen
INSAS Bhd – up half a sen to 87.5 sen
Asian PAC Holdings Bhd – unchanged at 12 sen
Jaya Tiasa Holdings Bhd – up 2.5 sen to 64 sen
TRC Synergy Bhd – unchanged at 57 sen
Cypark Resources Bhd – up four sen to RM1.71
BIMB Holdings Bhd – up seven sen to RM4.25
Kumpulan FIMA Bhd up one sen to RM1.60
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.