KUALA LUMPUR (May 24): theedgemalaysia.com highlighted one stock with positive momentum and nine stocks with negative momentum at Bursa Malaysia's noon break on Friday.
The stock with positive momentum was:
- N2N Connect Bhd [KL:N2N] — up two sen or 3.88% to 53.5 sen
The stocks with negative momentum were:
- Southern Score Builders Bhd [KL:SSB8] — up six sen or 11.88% to 56.5 sen
- Notion VTec Bhd [KL:NOTION] — up 12 sen or 11.54% to RM1.16
- Sunzen Biotech Bhd [KL:SUNZEN] — up 1.5 sen or 3.95% to 39.5 sen
- Organbio Holdings Bhd [KL:ORGABIO] — up half a sen or 1.14% to 44.5 sen
- Vestland Bhd [KL:VLB] — up two sen or 5.33% to 39.5 sen
- JCY International Bhd [KL:JCY] — up 5.5 sen or 13.75% to 45.5. sen
- Amway (M) Holdings Bhd [KL:AMWAY] — down three sen or 0.40% to RM7.47
- Fajarbaru Builder Group Bhd [KL:FAJAR] — up four sen or 10.39% to 42.5 sen
- AHB Holdings Bhd [KL:AHB] — up 1.5 sen or 8.82% to 18.5 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com