KUALA LUMPUR (May 25): theedgemarkets.com has highlighted six stocks with momentum at Bursa Malaysia’s noon market close today. Four stocks displayed positive momentum, while two stocks displayed negative momentum.
The stocks with positive momentum were:
Privasia Technology Bhd — up 1.5 sen at 27.5 sen
Securemetric Bhd — up two sen at 17.5 sen
Eastern & Oriental Bhd (E&O) — unchanged at 74 sen
Choo Bee Metal Industries Bhd — down four sen at RM2.09
The stocks with negative momentum were:
Paragon Globe Bhd — up one sen at 90 sen
Ipmuda Bhd — up three sen at RM1.59
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.