KUALA LUMPUR (Feb 24): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and six with negative momentum.
Stocks with positive momentum were:
Lion Industries Corp Bhd – up seven sen at 63 sen
Oceancash Pacific Bhd – up 2.5 sen at 46 sen
Stocks with negative momentum were:
Censof Holdings Bhd – up three sen at 30 sen
Frontken Corp Bhd – up one sen at 22.5 sen
Jadi Imaging Holdings Bhd – unchanged at 7.5 sen
JAG Bhd – up 0.5 sen at 14.5 sen
Petron Malaysia Refining & Marketing Bhd – up 17 sen at RM6.18
Subur Tiasa Holdings Bhd – up 15 sen at RM1.55
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.
http://www.theedgemarkets.com/my/article/lion-industries-oceancash-censof-frontken-jadi-jag-petron-subur-tiasa
