PWRoot, Redtone, Analabs, Enra, IBhd, Jadem, PIE, RGTBhd
KUALA LUMPUR (Oct 28): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia's afternoon close on Thursday.
Seven stocks indicated negative momentum while only one showed positive momentum.
The stocks with negative momentum were:
Power Root Bhd – up one sen at RM1.49
Redtone Digital Bhd – down three sen at 66 sen
Analabs Resources Bhd – up four sen at RM1.24
Enra Group Bhd – down four sen at 94 sen
I-Bhd – unchanged at 29.5 sen
Jade Marvel Group Bhd – up half a sen at 62.5 sen
P.I.E Industrial Bhd – up eight sen at RM3.98
The stock with positive momentum was:
RGT Bhd – unchanged at 68 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.