KUALA LUMPUR (April 21): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum, while six showed negative momentum.
The stock with positive momentum was:
SMRT Holdings Bhd — rose half a sen to 18 sen
The stocks with negative momentum were:
Minda Global Bhd — rose 1.5 sen to 17 sen
Key Asic Bhd — rose five sen to 25.5 sen
Mikro MSC Bhd — rose 1.5 sen to 28.5 sen
Sasbadi Holdings Bhd — rose two sen to 21.5 sen
SC Estate Builder Bhd — fell two sen to 10.5 sen
YGL Convergence Bhd — rose half a sen to 22 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.