Stocks With Momentum - Hektar, Jaks, MRCB-Quill, YTL Hospitality, Ta Ann, Bumi Armada, Hai-O, KPS

KUALA LUMPUR (Aug 10): has highlighted eight stocks with momentum at the midday market close today. Four of the stocks showed positive momentum, while four showed negative momentum.

The stocks with positive momentum were:

Hektar Real Estate Investment Trust up 5 sen or 3.21% at RM1.61

Jaks Resources Bhd up 6 sen or 6.38% at RM1

MRCB-Quill Real Estate Investment Trust up 5 sen or 4.03% at RM1.29

YTL Hospitality Real Estate Investment Trust up 4 sen or 3.64% at RM1.14

The stocks with negative momentum were:

Ta Ann Holdings Bhd up 13 sen or 3.69% at RM3.65

Bumi Armada Bhd up 1.5 sen or 1.97% at 77.5 sen

Hai-O Enterprise Bhd up 5 sen or 1.61% at RM3.15

Kumpulan Perangsang Selangor Bhd up 2 sen or 1.85% at RM1.10

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.

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.