KUALA LUMPUR (Sept 13): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks had positive momentum while four showed negative momentum.
Stocks with positive momentum were:
AmFirst Real Estate Investment Trust – unchanged at 51 sen
Foundpac Group Bhd – up 1.5 sen at 38.5 sen
Stocks with negative momentum were:
Elsoft Research Bhd – up one sen at 91.5 sen
mTouche Technology Bhd – unchanged at 11.5 sen
MNC Wireless Bhd – up 0.5 sen at 10 sen
Nova Wellness Group Bhd – up one sen at 56.5 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.