KUALA LUMPUR (AUG 9): theedgemarkets.com highlighted eleven stocks with momentum at Bursa Malaysia’s afternoon market close today. All showed negative momentum.
Stock with negative momentum were:
BCM Alliance Bhd — up 0.5 sen or 2.56% at 20 sen
Bright Packaging Industry Bhd — fell 0.5 sen or 2.22% at 22 sen
Dufu Technology Corp Bhd — up eight sen or 4.55% at RM1.84
Far East Holdings Bhd (FEHB) — up 40 sen or 2.82% at RM14.60
Guan Chong Bhd — up nine sen or 4.62% at RM2.04
HeveaBoard Bhd — up two sen or 2.26% at 90.5 sen
Ikhmas Jaya Group Bhd —up 1.5sen or 4.69% at 33.5 sen
Karyon Industries Bhd —up 0.5 sen or 2.44 % at 21 sen
Kobay Technology Bhd —up 10 sen or 8.77 at RM1.24
Samchem Holdings Bhd —up 2.5 sen or 2.51% at RM1.02
UEM Sunrise Bhd —up two sen or 2.12% at 96.5 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.