KUALA LUMPUR (Oct 20): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday. Three stocks showed positive momentum, while nine stocks displayed negative momentum.
The stocks with positive momentum were:
TH Plantations Bhd — up five sen at 77.5 sen
Daya Materials Bhd — up half a sen at two sen
Gagasan Nadi Cergas Bhd — up one sen at 32 sen
The stocks with negative momentum were:
Nextgreen Global Bhd (NGGB) — up 10 sen at RM1.18
Ajiya Bhd — up two sen at 61 sen
Aneka Jaringan Holdings Bhd — up one sen at 28 sen
Apollo Food Holdings Bhd — unchanged at RM4.20
Cypark Resources Bhd — up one sen at 99.5 sen
Insas Bhd — up three sen at RM1.03
Menang Corporation (M) Bhd — up one sen at 64 sen
MHC Plantations Bhd — up four sen at RM1.09
Radiant Globaltech Bhd — up one sen at 38 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.