KUALA LUMPUR (March 3): theedgemarkets.com highlighted ten stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed four with positive momentum and six with negative momentum.
Stocks with positive momentum were:
Scope Industries Bhd – up 1 sen at 17 sen
Bioalpha Holdings Bhd – up 3 sen at 25.5 sen
T7 Global Bhd – up 3 sen at 46.5 sen
Damansara Realty Bhd – up 10 sen at 74 sen
Stocks with negative momentum were:
Suria Capital Holdings Bhd – up 1 sen at RM2.10
Oceancash Pacific Bhd – up 2 sen at 48.5 sen
Tomypak Holdings Bhd – up 8 sen at RM1.93
AppAsia Bhd – up 1 sen at 40.5 sen
Petaling Tin Bhd – down 1.5 sen at 33 sen
Iskandar Waterfront City Bhd – up 22 sen at RM1.59
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/scope-bioalpha-t7-global-damansara-realty-suria-capital-oceancash-pacific-tomypak-appasia
