KUALA LUMPUR (Jan 27): theedgemarkets.com highlighted four stocks with positive momentum and 14 stocks with negative momentum at Bursa Malaysia's afternoon close on Friday (Jan 27).
The stocks with positive momentum were:
- Aimflex Bhd – up one sen or 6.06% at 17 sen
- Nylex (Malaysia) Bhd – up seven sen or 17.44% at 50 sen
- Naim Holdings Bhd – up three sen or 6.19% at 60 sen
- MCT Bhd – up two sen or 15.38% at 15 sen
The stocks with negative momentum were:
- Sersol Bhd – remained unchanged at 26 sen
- YGL Convergence Bhd – down half a sen or 3.45% at 14 sen
- QES Group Bhd – down one sen or 1.36% at 72 sen
- Ocean Vantage Holdings Bhd – up half a sen or 3.13% at 16 sen
- Pos Malaysia Bhd – up one sen or 1.68% at 60 sen
- Wah Seong Corp Bhd – up three sen or 4.17% at 75 sen
- Saudee Group Bhd – up half a sen or 11.11% at five sen
- Solid Automotive Bhd – remained unchanged at 19 sen
- Perdana Petroleum Bhd – up two sen or 14.29% at 16 sen
- PRG Holdings Bhd – up one sen or 9.09% at 18 sen
- A-Rank Bhd – up three sen or 6.36% at 58 sen
- SCGM Bhd – up four sen or 5.97% at 71 sen
- MK Land Holdings Bhd – remained unchanged at 16 sen
- PLS Plantations Bhd – up seven sen or 6.54% at RM1.14
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