KUALA LUMPUR (Feb 19): theedgemarkets.com has highlighted 12 stocks at Bursa Malaysia’s afternoon close today. 3 stocks have positive momentum, while 9 stocks have negative momentum.
The stocks with positive momentum were: -
Vsolar Group Bhd – up 1.5 sen to 18.5 sen
Tadmax Resources Bhd – down three sen to 25.5 sen
WZ Satu Bhd – up five sen to 37 sen
The stocks with negative momentum were:-
GFM Services Bhd – up 1.5 sen to 53.5 sen
Ecobuilt Holdings Bhd – up three sen to 29 sen
Genetec Technology Bhd – up a sen to RM1.94
TRC Synergy Bhd – up a sen to 58.5 sen
Chin Hin Group Bhd – unchanged at 73.5 sen
MI Technovation Bhd – up 17 sen to RM2.63
Gamuda Bhd – up 14 sen to RM2.97
CAM Resources Bhd – up half a sen to 24.5 sen
PWF Consolidated Bhd – up 4.5 sen to 87 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.