KUALA LUMPUR (Feb 26): theedgemalaysia.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close on Monday. One stock showed positive momentum, while seven stocks displayed negative momentum.
The stock with positive momentum was:
- Petra Energy Bhd – up eight sen or 6.61% to RM1.29
The stocks with negative momentum were:
- Deleum Bhd – up seven sen or 5.69% to RM1.30
- Ge-Shen Corp Bhd – up 38 sen or 19% to RM2.38
- Iskandar Waterfront City Bhd – up two sen or 2.58% to 79.5 sen
- Public Packages Holdings Bhd – up three sen or 3.95% to 79 sen
- Prestar Resources Bhd – down half a sen or 1.18% to 42 sen
- Seng Fong Holdings Bhd – up eight sen or 10.39% to 85 sen
- YTL Hospitality REIT – down one sen or 0.81% to RM1.23
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