Stocks With Momentum - Titijaya, Mlabs, Mega First, Pentamaster, Wong Engineering, AsiaBio, KUB, Kellington

KUALA LUMPUR (Aug 5): highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed one stock with positive momentum and seven with negative momentum.

The stock with positive momentum was:

Titijaya Land Bhd — down two sen at RM1.55

Stocks with negative momentum were:

Mlabs Systems Bhd — down 0.5 sen at 10.5 sen

Mega First Corp Bhd — up six sen at RM1.97

Pentamaster Corp Bhd — up 0.5 sen at RM1

Wong Engineering Corp Bhd — up 2.5 sen at 64.5 sen

Asia Bioenergy Technologies Bhd — unchanged at 4.5 sen

KUB Malaysia Bhd — up 1.5 sen at 42.5 sen

Kellington Group Bhd — up two sen at 28 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.

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.