KUALA LUMPUR (July 19): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. Four showed positive momentum and five with negative momentum.
The stocks with positive momentum are:
Fraser & Neave Holdings Bhd down 10 sen at RM26.08
K-Star Sports Ltd up 1.5 sen at 7.5 sen
Goodway Integrated Industries Bhd up three sen at 48.5 sen
Opensys (M) Bhd up one sen at 33.5 sen
The stocks with negative momentum are:
GHL Systems Bhd up one sen at 97 sen
Tune Protect Group Bhd up seven sen at RM1.64
Ann Joo Resources Bhd up four sen at RM1.30
Menang Corp (M) Bhd up 6.5 sen at RM1.06
Prinsiptek Corp Bhd flat at 12.5 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.
(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.)