KUALA LUMPUR (July 9): theedgemarkets.com has highlighted 26 stocks with momentum at noon market close. All stocks highlighted displayed negative momentum.
The stocks with negative momentum were:
Ablegroup Bhd – unchanged at nine sen
Ann Joo Resources Bhd – up a sen or 1.34% at 75.5 sen
Bina Puri Holdings Bhd – up 1.5 sen or 21.43% at 8.5 sen
Borneo Oil Bhd – up half a sen or 14.29% at four sen
Bursa Malaysia Bhd - up 43 sen or 5.38% at RM8.43
CME Group Bhd – unchanged at 4.5 sen
Digistar Corp Bhd – up half a sen or 6.67% at eight sen
Fajarbaru Builder Group Bhd – up 1.5 sen or 4.85% at 32.5 sen
FGV Holdings Bhd – up three sen or 2.83% at RM1.09
Fintec Global Bhd – up a sen or 11.11% at 10 sen
Hubline Bhd – up half a sen or 7.14% at 7.5 sen
Johan Holdings Bhd – up half a sen or 6.67% at eight sen
Kanger International Bhd – unchanged at 9.5 sen
Milux Corp Bhd – up five sen or 2.94% at RM1.75
Orion IXL Bhd – up half a sen or 7.14% at 7.5 sen
Niche Capital Emas Holding Bhd – unchanged at six sen
Peterlabs Holdings Bhd – up 1.5 sen or 7.32% at 22 sen
Public Bank Bhd – up 50 sen or 2.78% to RM18.50
Puncak Niaga Holdings Bhd – up half a sen or 2.13% at 24 sen
SCGM Bhd – up seven sen or 3.3% at RM2.19
Sern Kou Resources Bhd – up seven sen or 5.26% at RM1.40
Taliworks Corp Bhd – down half a sen or 0.57% at 86.5 sen
United Plantations Bhd – up two sen or 0.15% at RM13.40
XOX Bhd – unchanged at 6.5 sen
YGL Convergence Bhd – up a sen or 7.14% at 15 sen
Zelan Bhd – up two sen or 23.53% at 10.5 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.
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.