KUALA LUMPUR (June 22): theedgemarkets.com
The stocks were:
Karyon Industries Bhd — up half a sen at 29.5 sen
Kim Hin Joo (Malaysia) Bhd — up 1.5 sen at 31 sen
Olympia Industries Bhd — down 1.5 sen at 13 sen
Seal Inc Bhd — down one sen at 41.5 sen
Globaltec Formation Bhd — up 8.5 sen at 63.5 sen
Golden Pharos Bhd — unchanged at 45.5 sen
SLP Resources Bhd — up four sen at RM1.07
Mercury Industries Bhd — up 2.5 sen at RM1
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