KUALA LUMPUR (Jan 12): theedgemarkets.com highlighted one stock with positive momentum and nine stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday (Jan 12).
The stock with positive momentum was:
- TEX Cycle Technology (M) Bhd – up five sen or 9.17% at 65 sen
The stocks with negative momentum were:
- Harn Len Corp Bhd – remained unchanged at 87 sen
- Innature Bhd – up two sen or 3.25% at 63 sen
- Karex Bhd – up three sen or 3.90% at 80 sen
- Kronologi Asia Bhd – up 1.5 sen or 3.13% at 49.5 sen
- Leon Fuat Bhd – remained unchanged at 53 sen
- Muar Ban Lee Group Bhd – up 2.5 sen or 5.05% at 52 sen
- Naim Holdings Bhd – up 1.5 sen or 2.70% at 57 sen
- Progressive Impact Corp – down half a sen or 1.72% at 28 sen
- Turiya Bhd – remained unchanged at 17 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