Four Bursa Malaysia stocks show negative momentum in midday trading

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Four stocks with negative momentum

Highlights

Tong Herr Resources Bhd fell one sen, or 0.4%, to RM2.49, while Citaglobal Bhd dropped one sen, or 0.85%, to RM1.16 at the close of midday trading.
Southern Steel Bhd rose one sen, or 2.15%, to 47.5 sen, and AWC Bhd gained one and a half sen, or 2.1%, to 73 sen.
The list of momentum stocks, based on volume and price changes, is not a buy/sell recommendation, but offers fundamental and valuation scores to help with short-term investment decisions.

This article was translated from the original. Read the original version by our correspondent here.

Stock list and screening method

The Edge Malaysia reported that the momentum stock list was generated using a proprietary mathematical algorithm that highlights counters with increased trading volume and price movements. The system distinguishes between stocks showing positive and negative momentum based on a combination of these two indicators.

At the close of midday trading, Tong Herr Resources Bhd fell one sen, or 0.4%, to RM2.49, while Citaglobal Bhd dropped one sen, or 0.85%, to RM1.16. Southern Steel Bhd rose one sen, or 2.15%, to 47.5 sen, while AWC Bhd gained one and a half sen, or 2.1%, to 73 sen.

Implications for short-term traders

The momentum list is not presented as a buy or sell recommendation, but rather as an indicator of stocks recording higher-than-usual volume and significant price changes. This means prices could still move either up or down after the stocks are identified by the screen.

The positive and negative indicators are intended to help readers understand which stocks are attracting market attention and when it might be suitable to enter or exit a trade, although momentum typically lasts only for a short period. Each stock is also assigned a fundamental score and a valuation score to help investors assess the counter’s appeal if they wish to take advantage of the momentum.

In our earlier report on Bursa Malaysia’s midday trading, no counters were identified as having positive momentum, while four stocks were flagged as having negative momentum based on a proprietary mathematical algorithm that assesses a combination of volume and price movements. We also stressed that these momentum signals are merely indicators of market activity (not buy or sell recommendations), and subsequent movements may still change over a short period. Fundamental and valuation scores were included to help assess the counters concerned.

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