KUALA LUMPUR (June 15): theedgemarkets.com has highlighted 5 stocks with momentum at afternoon market close today. A stock shows positive momentum while the other four stocks show negative momentum.
Stock that show positive momentum is:
Ancom Logistics Bhd, up 0.5sen or 4.55% at 11.5 sen.
Stocks that show negative momentum are:
Nova MSC Bhd, down 0.5 sen or 4% at 12 sen.
Yoong Onn Corp Bhd, up 3 sen or 2.56% at RM1.20.
Hwa Tai Industries Bhd, up 2 sen or 3.74% at 55.5 sen.
Connectcounty Holdings Bhd, down 0.5 se or 3.85% at 12.5 sen.
The list of stocks with momentum is generated using a propriety 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.