KUALA LUMPUR (Nov 26): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's afternoon close on Friday (Nov 26). Three stocks showed positive momentum, while four indicated negative momentum.
The stocks with positive momentum were:
Jade Marvel Group Bhd — up 1.5 sen at 68 sen
CWG Holdings Bhd — down 5.5 sen at 44 sen
Oversea Enterprise Bhd — unchanged at 10.5 sen
The stocks with negative momentum were:
Asia Media Group Bhd — down half a sen at 18.5 sen
Brem Holding Bhd — up 10 sen at 89 sen
Ajiya Bhd — up two sen at 83.5 sen
Supercomnet Technologies Bhd — down 13 sen at RM1.83
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