KUALA LUMPUR (Feb 23): theedgemalaysia.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon close on Friday. Two stocks showed positive momentum, while nine stocks showed negative momentum.
The stocks with positive momentum were:
- Powerwell Holdings Bhd — up 12.96% or 3.5 sen at 30.5 sen
- Notion VTec Bhd — up 10.99% or five sen at 50.5 sen
The stocks with negative momentum were:
- Eastern & Oriental Bhd (E&O) — up 7.47% or 6.5 sen at 93.5 sen
- PBA Holdings Bhd — up 10.27% or 23 sen at RM2.47
- CSC Steel Holdings Bhd — up 4.8% or six sen at RM1.31
- Petra Energy Bhd — up 16.5% or 17 sen at RM1.20
- Dancomech Holding Bhd — up 1.06% or half a sen at 47.5 sen
- Rhong Khen International Bhd — down 1.5% or two sen at RM1.31
- Lii Hen Industries Bhd — up 4.21% or four sen at 99 sen
- TPC Plus Bhd — up 2.15% or one sen at 47.5 sen
- Ge-Shen Corp Bhd — up 6.91% or 13 sen at RM2.01
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