KUALA LUMPUR (March 3): theedgemarkets.com has highlighted seven stocks with momentum at afternoon market close today. One stock showed positive momentum and six stocks displayed negative momentum.
The stock with positive momentum was:
NTPM Holdings Bhd, up 4 sen at RM1.02
The stocks with negative momentum were:
LBS Bina Group Bhd, up 7 sen at RM1.47
Kimlun Corp Bhd, up 4 sen at RM1.63
Lee Swee Kiat Group Bhd, up 1 sen at 29 sen
Eka Noodles Bhd, up 1.5 sen at 20.5 sen
Aturmaju Resources Bhd, up 6 sen at RM1.32
Anzo Holdings Bhd, up 1.5 sen at 26 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 momentumgenerally 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.