KUALA LUMPUR (April 15): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Friday (April 15). All stocks showed negative momentum.
The stocks with negative momentum were:
Datasonic Group Bhd — up 3.5 sen at 53 sen
Ekovest Bhd — up 0.5 sen at 49 sen
Gadang Holdings Bhd — unchanged at 44 sen
MNC Wireless Bhd — up one sen at 4.5 sen
Malaysian Resources Corporation Bhd — up one sen at 39.5 sen
Mycron Steel Bhd — up seven sen at 66 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