KUALA LUMPUR (June 21): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while the rest showed negative momentum.
The stock that displayed positive momentum was:
Kia Lim Bhd — up four sen at 52 sen
Stocks that indicated negative momentum were:
Fibon Bhd — up 4.5 sen at 52 sen
Cabnet Holdings Bhd — up 5.5 sen at 35.5 sen
Seal Incorporated Bhd — up two sen at 40.5 sen
Yoong Onn Corp Bhd — up 11 sen at RM1.17
Mentiga Corp Bhd — up 4.5 sen at 79.5 sen
Chuan Huat Resources Bhd — up two sen at 57 sen
Woodlandor Holdings Bhd — up three sen at 74 sen
Acme Holdings Bhd — up 2.5 sen at 31 sen
Tafi Industries Bhd — up eight sen at 93 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.