KUALA LUMPUR (May 27): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia's afternoon close on Friday (May 27, 2022). Three stocks displayed positive momentum, while one showed negative momentum.
Stocks with positive momentum were:
Global Oriental Bhd — down 1.5 sen at 33.5 sen
SDS Group Bhd — unchanged at 38.5 sen
South Malaysia Industries Bhd — up 0.5 sen at 40.5 sen
The stock with negative momentum was:
Can-One Bhd — up 34 sen at RM3.64
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