KUALA LUMPUR (March 5): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. Three showed positive momentum while four had negative momentum.
Stocks with positive momentum were:
WTK Holdings Bhd - up 4.5 sen at 56.5 sen
Coastal Contracts Bhd - up 19 sen at RM1.29
CCK Consolidated Holdings Bhd - up 2.5 sen at 67.5 sen
Stocks with negative momentum were:
Aturmaju Resources Bhd - up seven sen at 49 sen
T7 Global Bhd - up three sen at 55 sen
MESB Bhd - up one sen at 32 sen
Harn Len Corp Bhd - up 11.5 sen at 61.5 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.