KUALA LUMPUR (Sept 21): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and four with negative momentum.
Stock with positive momentum was:
Trive Property Group Bhd – up 2.5 sen at 15.5 sen
Stocks with negative momentum were:
Genetec Technology Bhd – up 9 sen at RM1.44
Alam Maritim Resources Bhd – up 1 sen at 22.5 sen
Sarawak Oil Palms Bhd – unchanged at RM4.00
Hibiscus Petroleum Bhd – down 3.5 sen at 61.5 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 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.