The stocks with negative momentum were:
Ecofirst Consolidated Bhd – up 0.5 sen at 27 sen
Yen Global Bhd – up three sen at 81 sen
Aeon Credit Service (M) Bhd – up eight sen at RM13.48
Felda Global Ventures Holdings Bhd – up nine sen at RM1.87
WZ Satu Bhd – up one sen at RM1.08
Opensys (M) Bhd – up 0.5 sen at 34.5 sen
The list of stocks with momentum is generated using a propriety 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.
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