The stocks with positive momentum were:
Berjaya Sports Toto Bhd – up 5 sen at RM2.58
G Neptune Bhd – up 2 sen at 6 sen
MWE Holdings Bhd – up 5 sen at RM1.70
PMB Technology Bhd – down 13 sen at RM3.39
The stocks with negative momentum were:
Lee Swee Kiat Group Bhd – up 4 sen at 82 sen
NTPM Holdings Bhd – up 3 sen at 64 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.
Source: The Edge