KUALA LUMPUR (Feb 16): theedgemalaysia.com highlighted two stocks with positive momentum and eight stocks with negative momentum at Bursa Malaysia’s afternoon close on Friday. 

The stocks with positive momentum were:

• TDM Bhd — up half a sen or 2.63% to 19.5 sen;

• TSH Resources Bhd — up six sen or 5.83% to RM1.09.

The stocks with negative momentum were:

• YBS International Bhd — unchanged at 73.5 sen;

• Ancom Logistic Bhd — up half a sen or 3.7% to 14 sen;

• Asdion Bhd — unchanged at 10 sen;

• Sports Toto Bhd — unchanged at RM1.53;

• TH Plantations Bhd — up 8.5 sen or 13.6% to 71 sen;

• JCY International Bhd — down one sen or 4% to 24 sen;

• Seng Fong Holdings Bhd — up one sen or 1.32% to 77 sen;

• MGB Bhd — up three sen or 3.45% to 90 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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com