Kimlun, Mclean, Pohkong, Tomei, BMGreen

KUALA LUMPUR (April 19): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close today. Four stocks displayed negative momentum, while one stocks displayed positive momentum

Stocks with negative momentum were:

Kimlun Corp Bhd – unchanged at RM1.03

Mclean Technologies Bhd – up three sen at 25 sen

Poh Kong Holdings Bhd – up three sen at RM1.12

Tomei Consolidated Bhd – up five sen at RM1.73

Stocks with positive momentum were:

BM Greentech Bhd – up three sen at 98.5 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