KUALA LUMPUR (Dec 22): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close today. Only one stock displayed positive momentum, while four showed negative momentum.
Stocks with positive momentum were:
Widad Group Bhd – up two sen at 76.5 sen
Stocks with negative momentum were:
Ajiya Bhd – down half a sen at 59.5 sen
GUH Holdings Bhd – down two sen at 45.5 sen
KTG Bhd – unchanged at 29.5 sen
SWS Capital Bhd – unchanged at 74.5 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