KUALA LUMPUR (April 5): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close today. Three stocks displayed positive momentum, while six showed negative momentum.
Stocks with positive momentum were:
Matang Bhd — up 1.5 sen at 13.5 sen
OKA Corp Bhd — up four sen at 87 sen
Symphony Life Bhd — down 1.5 sen at 85 sen
Stocks with negative momentum were:
Berjaya Land Bhd — up 5.5 sen at 51 sen
Leon Fuat Bhd — up two sen at 77.5 sen
Minda Global Bhd — up 0.5 sen at 13.5 sen
Nextgreen Global Bhd — up three sen at 56 sen
Parkson Holdings Bhd — up three sen at 28 sen
Poly Glass Fibre (M) Bhd — up two sen at 64.5 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.