KUALA LUMPUR (Jan 14): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia's afternoon close today. The list showed three stocks with positive momentum and eight with negative momentum.
Stocks with positive momentum were:
Ancom Logistics Bhd - up 0.5 sen at seven sen
Focus Point Holdings Bhd - up 0.5 sen at 51.5 sen
Ajiya Bhd - up 1.5 sen at 44.5 sen
Stocks with negative momentum were:
VisDynamics Holdings Bhd - up five sen at 67 sen
Sealink International Bhd - up 0.5 sen at 70 sen
Xidelang Holdings Ltd - up 0.5 sen at 13 sen
Golden Pharos Bhd - up 0.5 sen at 24 sen
Dufu Technology Corp Bhd - up 30 sen at RM3.84
Omesti Bhd - up three sen at 56 sen
Emico Holdings Bhd - down 0.5 sen at 22 sen
Sarawak Consolidated Industries Bhd - up 10 sen at RM2.25
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.