KUALA LUMPUR (June 9): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. Four showed positive momentum and two with negative momentum.
The stocks with positive momentum are:
Muar Ban Lee Group Bhd down 1.5 sen at 86.5 sen
Kein Hing International Bhd down two sen at RM1.07
Land and General Bhd flat at 40.5 sen
Eonmetall Group Bhd up three sen at 86 sen
The stocks with negative momentum are:
Brite-Tech Bhd up half sen at 39 sen
Gadang Holdings Bhd up two sen at RM2.18
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.)