KUALA LUMPUR (Feb 5): theedgemarkets.com highlighted 14 stocks with negative momentum at Bursa Malaysia's afternoon close today.
The stocks with negative momentum were:
Amtel Holdings Bhd — rose 31 sen to RM4.22
Chin Hin Group Property Bhd (CHGP) — rose four sen to 72.5 sen
Classic Scenic Bhd — rose 16 sen to RM1.12
Genetec Technology Bhd — rose 69 sen to RM4.42
Kumpulan H&L High-Tech Bhd — rose 31 sen to RM2.26
Pimpinan Ehsan Bhd — rose half a sen to 95 sen
Pestech International Bhd — rose 8.5 sen to RM1.05
Revenue Group Bhd — rose 13 sen to RM1.55
Reservoir Link Energy Bhd — rose 1.5 sen to 52 sen
Salutica Bhd — rose four sen to 71.5 sen
SKB Shutters Corp Bhd — rose 30 sen to RM1.07
Uchi Technologies Bhd — rose nine sen to RM3.02
YBS International Bhd — rose seven sen to 29.5 sen
YGL Convergence Bhd — rose one sen to 17.5 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com