KUALA LUMPUR (March 2): theedgemarkets.com highlighted twelve stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and ten with negative momentum.
Stocks with positive momentum were:
Censof Holdings Bhd – unchanged at 34 sen
KSL Holdings Bhd – up 6 sen at RM1.22
Stocks with negative momentum were:
HeiTech Padu Bhd – up 4.5 sen at 73 sen
Ta Win Holdings Bhd – up 6 sen at 59.5 sen
ConnectCounty Holdings Bhd – up 1.5 sen at 18.5 sen
Vizione Holdings Bhd – down 0.5 sen at 11.5 sen
Inari Amertron Bhd – up 4 sen at RM1.96
Techfast Holdings Bhd – up 4 sen at 27.5 sen
PCCS Group Bhd – up 2 sen at 41 sen
Engtex Group Bhd – up 4 sen at RM1.31
Anzo Holdings Bhd – unchanged at 29 sen
Iskandar Waterfront City Bhd – up 10 sen at RM1.37
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/censof-ksl-heitech-ta-win-connectcounty-vizione-inari-techfast-pccs-engtex-anzo-iskandar
