KUALA LUMPUR (March 26): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. All showed negative momentum.
Stocks with negative momentum were:
Alcom Group Bhd — up 14 sen at RM1.17
LFE Corporation Bhd — up two sen at 17 sen
Matang Bhd — up one sen at 13 sen
Malaysian Bulk Carriers Bhd (Maybulk) — up three sen at 64 sen
Minda Global Bhd — down one sen at 16 sen
Tan Chong Motor Holdings Bhd — up five sen at RM1.24
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.
Edited by Joyce Goh