KUALA LUMPUR (June 13): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and seven with negative momentum.
The stock with positive momentum is:
AWC Bhd – up three sen at 82.5 sen
The stocks with negative momentum are:
Johore Tin Bhd – up six sen at RM2
Kumpulan Europlus Bhd – up half a sen at 95.5 sen
Hai-O Enterprise Bhd – up five sen at RM2.75
ES Ceramics Technology Bhd – up 2.5 sen at 58 sen
VSolar Group Bhd – up half a sen at 13 sen
Solution Engineering Holdings Bhd – up half a sen at 47.5 sen
Greenyield Bhd – unchanged at 26.5 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.