KUALA LUMPUR (March 15): theedgemarkets.com highlighted 14 stocks with momentum at Bursa Malaysia’s afternoon close today. Two stock displayed positive momentum, while 12 showed negative momentum.
The stocks with positive momentum were:
Cheetah Holdings Bhd — up 38 sen at RM1.97
KSL Holdings Bhd — up three sen at 75 sen
The stocks with negative momentum were:
Computer Forms (Malaysia) Bhd (CFM) — up 30 sen at RM2.80
CSC Steel Holdings Bhd — up six sen at RM1.50
Dominant Enterprise Bhd — down 10 sen at RM1.07
Grand-Flo Bhd — up 11.5 sen at 57.5 sen
Hua Yang Bhd — up 1.5 sen at 37.5 sen
Kumpulan Perangsang Selangor Bhd — up three sen at RM1.25
LFE Corp Bhd — up one sen at 23 sen
MCT Bhd — up half a sen at 24.5 sen
MK Land Holdings Bhd — up 2.5 sen at 23.5 sen
MyNews Holdings Bhd — up 1.5 sen at 74 sen
Plenitude Bhd — down eight sen at RM1.12
SCH Group Bhd — up 10 sen at 49.5 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