Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (Nov 26): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed two stocks with positive momentum and three with negative momentum.

The stocks with positive momentum are:

 DPS Resources Bhd— up 0.5 sen at 15.5 sen

Green Packet Bhd— up 0.5 sen at 28 sen

The stock with negative momentum are:

Crest Builder Holdings Bhd— up 6 sen at RM1.06

Kim Hin Industry Bhd— up 3 sen at RM2.41

Menang Corp (M) Bhd— up 2.5 sen at 78.5 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.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

 

      Print
      Text Size
      Share