KUALA LUMPUR (Feb 29): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's afternoon market close today. It showed two with positive momentum and three with negative momentum.
Stocks with positive momentum are:
Bursa Malaysia Bhd, up 11 sen at RM8.61
Carlsberg Brewery Malaysia Bhd, up 34 sen at RM12.46
Stocks with negative momentum are:
Emas Kiara Industries Bhd, up 11 sen at RM1.37
Thong Guan Industries Bhd, up 10 sen at RM3.60
KPS Consortium Bhd, up 1 sen at 58.5 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.)