The Edge Markets<\/small>
\n6th February, 2017<\/small><\/p>\n
KUALA LUMPUR (Feb 6): theedgemarkets.com highlighted 21 stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock showed positive momentum while 20 had negative momentum<\/p>\n
Stock with positive momentum was:<\/p>\n
Scomi Energy Services Bhd \u2013 up 1.5 sen at 25 sen<\/p>\n
Stocks with negative momentum were:<\/p>\n
Advance Synergy Bhd \u2013 up half sen at 12 sen<\/p>\n
Benalec Holdings Bhd \u2013 up 1.5 sen at 50 sen<\/p>\n
Chemical Company of Malaysia Bhd \u2013 up 6 sen at RM1.21<\/p>\n
Evergreen Fibreboard Bhd \u2013 down 5 sen at 99 sen<\/p>\n
Goodway Integrated Industries Bhd \u2013 up 1 sen at 67 sen<\/p>\n
Harbour-Link Group Bhd \u2013 up 3 sen at 84 sen<\/p>\n
JCY International Bhd \u2013 down half a sen at 64 sen<\/p>\n
Kelington Group Bhd \u2013 up 3.5 sen at 35 sen<\/p>\n
Kretam Holdings Bhd \u2013 up half a sen at 55 sen<\/p>\n
Malton Bhd \u2013 up 5.5 sen at 85 sen<\/p>\n
Nylex (Malaysia) Bhd \u2013 up 2 sen at 69 sen<\/p>\n
Orion IXL Bhd \u2013 up 1 sen at 24 sen<\/p>\n
Rexit Bhd \u2013 up 3.5 sen at 66 sen<\/p>\n
Scomi Engineering Bhd \u2013 10.5 sen at 42 sen<\/p>\n
Seal Incorporated Bhd \u2013 up 2.5 sen at 54 sen<\/p>\n
Eversendai Corp Bhd \u2013 up 4.5 sen at 73 sen<\/p>\n
Signature International Bhd \u2013 up 3 sen at 93 sen<\/p>\n
Southern Steel Bhd \u2013 up 4 sen at RM1.34<\/p>\n
Systech Bhd \u2013 up 1.5 sen at 26 sen<\/p>\n
WCE Holdings Bhd \u2013 up 6 sen at RM1.22<\/p>\n
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.<\/p>\n
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 \u201c+ve\u201d (suggesting a rising price trend on volume) and \u201c-ve\u201d (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.<\/p>\n
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.<\/p>\n