KUALA LUMPUR (March 11): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia's afternoon market break today. One stock displayed positive momentum, while the remaining nine stocks showed negative momentum.
The stock with positive momentum was:
Kumpulan Perangsang Selangor Bhd — rose two sen to RM1.25
The stocks with negative momentum were:
CNI Holdings Bhd — rose two sen to 26 sen
Gromutual Bhd — rose five sen to 35 sen
Hua Yang Bhd — rose half a sen to 35.5 sen
Integrated Logistics Bhd — rose two sen to 65 sen
Ivory Properties Group Bhd — rose two sen to 21.5 sen
JAG Bhd — rose 1.5 sen to 37.5 sen
Matrix Concepts Holdings Bhd — rose six sen to RM1.91
MCT Bhd — rose 1.5 sen to 23 sen
Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) — rose 3.5 sen to 57.5 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 prices 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