KUALA LUMPUR (April 7): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia's afternoon close today. Two stocks displayed positive momentum, while 10 showed negative momentum.
Stocks with positive momentum were:
A-Rank Bhd — up four sen at 61.5 sen
Tashin Holdings Bhd — up 2.5 sen at 49 sen
Stocks with negative momentum were:
Affin Bank Bhd — up three sen at RM1.78
AYS Ventures Bhd — up 1.5 sen at 39 sen
Central Global Bhd — up 16 sen at RM1.94
Kumpulan Perangsang Selangor Bhd — up five sen at RM1.13
LB Aluminium Bhd — up 8.5 sen at 98 sen
Leon Fuat Bhd — up 4.5 sen at 85.5 sen
Pasdec Holdings Bhd — up five sen at 40.5 sen
Pecca Group Bhd — up 11 sen at RM3.77
Eversendai Corp Bhd — up one sen at 29 sen
Sentoria Group Bhd — up one sen at 18.5 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com