KUALA LUMPUR (July 20): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed eight stocks with negative momentum.
The stocks with negative momentum are:
Borneo Oil Bhd – up 0.5 sen at 19 sen.
Pecca Group Bhd – up 5 sen at RM1.80.
K-Star Sports Ltd – unchanged at 8 sen.
Tadmax Resources Bhd – up 2 sen at 53 sen.
PMB Technology Bhd – up 7 sen at RM1.50.
Asia Media Group Bhd – up 1.5 sen at 14.5 sen.
Dutch Lady Milk Industries Bhd – down 50 sen at RM61.10.
Kerjaya Prospek Group Bhd – up 4 sen at RM2.40.
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in tradingvolume 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 whichstocks 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.