KUALA LUMPUR (Aug 5): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. Four stocks displayed negative momentum while two showed positive momentum.
The stocks with negative momentum were:
Efficient E-Solutions Bhd – up two sen at 26 sen
LYC Healthcare Bhd – up two sen at 35 sen
SBC Corp Bhd – up 10 sen at 61 sen
TSR Capital Bhd – down two sen at 31 sen
The stocks with positive momentum were:
TAFI Industries Bhd – up six sen at RM1.93
Techbond Group Bhd – up three sen at 52 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.