KUALA LUMPUR (July 15): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia's afternoon close today. Two stocks displayed positive momentum, while six showed negative momentum.
The stocks with positive momentum were:
Tri-Mode System (M) Bhd — up seven sen to 80.5 sen
Enra Group Bhd — up seven sen to 85 sen
The stocks with negative momentum were:
Efficient E-Solutions Bhd — up 1.5 sen to 21.5 sen
MMS Ventures Bhd — up 2.5 sen to 98 sen
OCB Bhd — down five sen to RM1.11
Kia Lim Bhd — up 2.5 sen to 54.5 sen
Sand Nisko Capital Bhd — up six sen to RM1.37
Sinmah Capital Bhd — up one sen to 39 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com