Southern Score, MTouche, Visdynamics, Aneka Jaringan, Meta Bright, Panasonic Malaysia, Techbond, Yenher, MCE, SMIS, PGF, Pesona Metro, EG

KUALA LUMPUR (Feb 13): theedgemarkets.com highlighted 13 stocks with negative momentum at Bursa Malaysia’s afternoon close on Monday (Feb 13).

The stocks with negative momentum were:

Southern Score Builders Bhd – unchanged at 21 sen
MTouche Technology Bhd – down 0.5 sen at six sen
VisDyanmics Holdings Bhd – up 17 sen at 90.5 sen
Aneka Jaringan Holdings Bhd – up 1.5 sen at 24 sen
Meta Bright Group Bhd – up 0.5 sen at 18.5 sen
Panasonic Manufacturing Malaysia Bhd – down four sen at RM24.66
Techbond Group Bhd – down 0.5 sen at 46.5 sen
Yenher Holdings Bhd – up three sen at RM1.04
MCE Holdings Bhd – up 16 sen at RM1.85
SMIS Corp Bhd – up 1.5 sen at 85 sen
PGF Capital Bhd – unchanged at RM1.41
Pesona Metro Holdings Bhd – up two sen at 30 sen
EG Industries Bhd – up 4.5 sen at 80 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.