KUALA LUMPUR (March 22): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon break. One stock displayed positive momentum, while the rest displayed negative momentum.
The stock with positive momentum was:
Macpie Bhd — up 7.5 sen at 63 sen
The stocks with negative momentum were:
UCrest Bhd — up three sen at 25.5 sen
MAG Holdings Bhd — up 1.5 sen at 23 sen
Malayan Cement Bhd — up 10 sen at RM2.64
Pecca Group Bhd — up eight sen at RM2.79
Dolomite Corp Bhd — up 1.5 sen at 15.5 sen
Ark Resources Bhd — up 15.5 sen at 52 sen
Fajarbaru Builder Group Bhd — up 2.5 sen at 77.5 sen
PWF Corp Bhd — up half a sen at 61.5 sen
CYL Corp Bhd — up eight sen at 78.5 sen
LFE Corp Bhd — up a sen at 26 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