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Karex, SYF, Mestron, ASB, Supermx, Picorp

KUALA LUMPUR (Nov 15): theedgemarkets.com highlighted two stocks with positive momentum and four stocks with negative momentum at Bursa Malaysia's afternoon close on Tuesday (Nov 15).
The stocks with positive momentum were:

    Karex Bhd – up one sen or 1.83% at 55 sen.
    SYF Resources Bhd – up 1.5 sen or 4.55% at 34 sen.

The stocks with negative momentum were:

    Advance Synergy Bhd – down one sen or 10.71% at 12 sen.
    Mestron Holdings Bhd – up one sen or 2.3% at 44 sen.
    Progressive Impact Corp – up half a sen or 2.78% at 18 sen.
    Supermax Corp Bhd – down one sen or 1.03% at 96 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.


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