KUALA LUMPUR (Jan 16): theedgemarkets.com has highlighted seven stocks with Momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum, while five stocks displayed negative momentum.
The stocks with positive momentum were:
Marine & General Bhd – down half a sen at 8.5 sen
A-Rank Bhd – down 1.5 sen at 54 sen
The stocks with negative momentum were:
G-Neptune Bhd – up a sen at eight sen
Notion VTEC Bhd - up two sen at RM1.03
Coastal Contracts Bhd – up 12 sen at RM1.44
Mudajaya Group Bhd – up 5.5 sen at 49.5 sen
Pelikan International Corp Bhd – up 7.5 sen at 50.5 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.