KUALA LUMPUR (Feb 26): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while six showed negative momentum.
The stock with positive momentum was :
XOX Bhd - unchanged at six sen
Stocks with negative momentum were:
JAG Bhd - up 0.5 sen at five sen
Kanger International Bhd - unchanged at 11.5 sen
Advance Synergy Bhd - up 2.5 sen at 17.5 sen
Ayer Holdings Bhd - up seven sen at RM5.55
Ornapaper Bhd - up 23 sen at RM1.35
Omesti Bhd - unchanged at 68 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.