KUALA LUMPUR(June 14): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and six with negative momentum.
Stocks with positive momentum were:
TRC Synergy Bhd – up 5 sen or 7.19% at 74.5 sen
Jiankun International Bhd – unchanged at 29.5 sen
Stocks with negative momentum were:
Brem Holding Bhd – up 2 sen or 1.92% at RM1.06
G Neptune Bad – up 1 sen or 12.50% at 9 sen
Southern Acids (M) Bhd – up 26 sen or 5.78% at RM4.76
Seal Inc Bhd – up 2 sen or 3.67% at 56.5 sen
V.S. Industry Bhd – up 7 sen or 3.45% at RM2.10
Wing Tai Malaysia Bhd – up 1 sen or 0.56% at RM1.80
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.