KUALA LUMPUR (Nov 8): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. All showed negative momentum.
 
The stocks with negative momentum were:
 
Ann Joo Resources Bhd – up 11 sen at RM3.95
 
Malaysia Marine and Heavy Engineering Holdings Bhd – up one sen at 88.5 sen
 
ML Global Bhd – up six sen at RM1.60
 
PCCS Group Bhd – up four sen at 66 sen
 
Reach Energy Bhd – up one sen at 49 sen
 
Zecon Bhd – down 0.5 sen at 74 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.