KUALA LUMPUR (June 7): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed three stocks with positive momentum and five with negative momentum.
The stocks with positive momentum are:
Wong Engineering Corp Bhd — fell 0.5 sen at 61.5 sen
Marco Holdings Bhd — up one sen at 16 sen
Leader Steel Holdings Bhd — up 1.5 sen at 34 sen
The stock with negative momentum are:
Kretam Holdings Bhd — up one sen at 58.5 sen
PWF Consolidated Bhd — fell one sen at RM1.57
AmFirst REIT— unchanged at 73.5 sen
Gadang Holdings Bhd — up five sen at RM2.14
Vsolar Group Bhd — up 0.5 sen at 10 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.