KUALA LUMPUR (March 17): theedgemarkets.com
The stock with positive momentum was:
WZ Satu Bhd — up 1.5 sen at 23.5 sen
The stocks with negative momentum were:
Al-Salam Real Estate Investment Trust (REIT) — unchanged at 60.5 sen
Barakah Offshore Petroleum Bhd — up four sen at 11.5 sen
Compugates Holdings Bhd — unchanged at three sen
Dynaciate Group Bhd — up half a sen at 15.5 sen
Lotus KFM Bhd — up three sen at 29 sen
MNRB Holdings Bhd — up nine sen at RM1.42
Multi-Usage Holdings Bhd — up 17 sen at 66.5 sen
Pensonic Holdings Bhd — unchanged at 68 sen
Scomi Energy Services Bhd — up 12 sen at 23.5 sen
TH Heavy Engineering Bhd — up one sen at 14 sen
Wellcall Holdings Bhd — up two sen at RM1.16
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