Tadmax, Bursa Malaysia, Aturmaju, AirAsia X, Poh Kong

Tadmax, Bursa Malaysia, Aturmaju, AirAsia X, Poh Kong
-A +A

KUALA LUMPUR (March 8): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed four with positive momentum and one with negative momentum.

The stocks with positive momentum are:

Tadmax Resources Bhd – unchanged at 37.5 sen

Bursa Malaysia Bhd – up two sen at RM8.63

Aturmaju Resources Bhd – up seven sen at RM1.41

AirAsia X Bhd – down two sen at 29.5 sen

The stock with negative momentum is: 

Poh Kong Holdings Bhd – down half a sen at 56.5 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 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.