KUALA LUMPUR (April 15): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia's afternoon close today. Three stocks displayed positive momentum while five showed negative momentum.
Stocks with positive momentum were:
Alcom Group Bhd — down one sen at RM1.21
Poly Glass Fibre (M) Bhd — up 0.5 sen at 65.5 sen
Transocean Holdings Bhd — up 30 sen at RM1.18
Stocks with negative momentum were:
Mestron Holdings Bhd — up three sen at 32.5 sen
Minda Global Bhd — up 1.5 sen at 16.5 sen
Petra Energy Bhd — up one sen at 99.5 sen
Sersol Bhd — up 1.5 sen at 26 sen
TMC Life Sciences Bhd — up 0.5 sen at 75.5 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