KUALA LUMPUR (June 1): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon market close today. All showed negative momentum.
The stocks with negative momentum are:
Lii Hen Industries Bhd up seven sen at RM2.92
Ae Multi Holdings Bhd flat at 14.5 sen
Ancom Logistics Bhd up half sen 11.5 sen
South Malaysia Industries Bhd up one sen at 17 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.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)