KUALA LUMPUR (May 18): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock displayed positive momentum while four indicated negative momentum.
The stock with positive momentum was:
Poh Kong Holdings Bhd — up two sen at RM1.06
The stocks with negative momentum were:
Amcorp Properties Bhd — unchanged at 85.5 sen
Tanco Holdings Bhd — unchanged at 15 sen
Tomei Consolidated Bhd — up six sen at RM1.37
Fitters Diversified Bhd — up three sen at 29 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.