KUALA LUMPUR (April 21): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (April 21). Three stocks showed positive momentum while eight stocks indicated negative momentum.
The stocks with positive momentum were:
Boustead Holdings Bhd — up two sen at 79.5 sen
Vizione Holdings Bhd — up one sen at 11 sen
WTK Holdings Bhd — up 2.5 sen at 56 sen
The stocks with negative momentum were:
Poh Huat Resources Holdings Bhd — up two sen at RM1.47
Tong Herr Resources Bhd — up eight sen at RM3.24
Petra Energy Bhd — up two sen at 90.5 sen
ABM Fujiya Bhd — up 1.5 sen at 40 sen
HIL Industries Bhd — up 1.5 sen at 98.5 sen
Heveaboard Bhd — up two sen at 59 sen
Efficient E-Solutions Bhd — up half a sen at 25.5 sen
Aneka Jaringan Holdings Bhd — unchanged at 22 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