Monday 25 Sep 2023
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KUALA LUMPUR (Nov 23): highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. All showed negative momentum.

Stocks with negative momentum were:

CCM Duopharma Biotech Bhd – down four sen at RM2.36

China Ouhua Winery Holdings Ltd – up 0.5 sen at 11 sen

Green Packet Bhd – up one a sen at 44 sen

Hock Heng Stone Industries Bhd – up four sen at 63.5 sen

Lion Industries Corp Bhd – up seven sen at RM1.61

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.

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