KUALA LUMPUR (Feb 8): theedgemarkets.com highlighted 20 stocks with momentum at Bursa Malaysia's afternoon close today. Three stocks displayed positive momentum while the remaining 17 stocks indicated negative momentum.
The stocks with positive momentum were:
B.I.G. Industries Bhd – up 7.5 sen at 64 sen
Mesiniaga Bhd – down two sen at RM1.65
Techbond Group Bhd – up 23 sen at RM1.73
The stocks with negative momentum were:
Central Global Bhd – up 29 sen at RM1.24
Chin Hin Group Property Bhd – up 14 sen at 88 sen
Dagang NeXchange Bhd (DNeX) – up five sen at 33 sen
Eksons Corp Bhd – up 2.5 sen at 66 sen
Focus Lumber Bhd – up 3.5 sen at 87 sen
Grand Hoover Bhd – up 16 sen at RM1.01
Kein Hing International Bhd – up 9.5 sen at 76.5 sen
Kerjaya Prospek Property Bhd – up 11.5 sen at RM1.10
Mentiga Corp Bhd – up nine sen at 97.5 sen
Multi-Usage Holdings Bhd – up eight sen at 65 sen
Pimpinan Ehsan Bhd – up one sen at 96.5 sen
PJBumi Bhd – up 5.5 sen at 37.5 sen
SKB Shutters Corp Bhd – up three sen at RM1.10
SMIS Corp Bhd – down half a sen at 63.5 sen
Teo Guan Lee Corp Bhd – down two sen at RM1.51
Timberwell Bhd – up 19.5 sen at 70.5 sen
Woodlandor Holdings Bhd – up 29 sen at RM1
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.