One stock shows positive momentum while five stocks show negative momentum.
The stock with positive momentum is:
Hektar Real Estate Investment Trust — unchanged at RM1.56
The stocks with negative momentum are:
George Kent (Malaysia) Bhd — up 17 sen at RM2.21
Media Chinese International Ltd — unchanged at 76 sen
K-Star Sports Ltd — up 0.5 sen at 9 sen
PWF Consolidated Bhd — down 2 sen at 71 sen
Wah Seong Corporation Bhd — up 5 sen to 92 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.