KUALA LUMPUR (Feb 7): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday (Feb 7). All stocks displayed negative momentum.
The stocks were:
- EA Technique (M) Bhd — down 4.5 sen at 29.5 sen;
- Efficient E-Solutions Bhd — up 1.5 sen at 23.5 sen;
- Ideal Capital Bhd — unchanged at RM2;
- Malaysia Steel Works (KL) Bhd — down half a sen at 41 sen;
- Mudajaya Group Bhd — up 1.5 sen at 26 sen;
- Olympia Industries Bhd — up half a sen at nine sen;
- T7 Global Bhd — up 1.5 sen at 40.5 sen;
- Tasco Bhd — up 3.5 sen at 99.5 sen;
- Vinvest Capital Holdings Bhd — up half a sen at 24 sen;
- Wong Engineering Corporation Bhd — up two sen at 45 sen;
- Yenher Holdings Bhd — up five sen at RM1.01;
- YKGI Holdings Bhd — up half a sen at 15 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