KUALA LUMPUR (June): theedgemarkets.com has highlighted 10 stocks with momentum at Bursa Malaysia’s noon market close today. One stock displayed positive momentum, while nine stocks showed negative momentum.
The stock that displayed positive momentum was:
AdvanceCon Holdings Bhd – up 3.5 sen at 43.5 sen
The stocks that showed negative momentum were:
AcousTech Bhd – up 18.5 sen at 68.5 sen
AE Multi Holdings Bhd – up 2.5 sen at 14 sen
AppAsia Bhd – up 1.5 sen at 25 sen
Asia Poly Holdings Bhd – up three sen at 12 sen
Malton Bhd – up two sen at 42 sen
Milux Corp Bhd – up one sen at RM1.02
MTDI ACPI Engineering Bhd – up 1.5 sen at 19.5 sen
Sinotop Holdings Bhd – up 8.5 sen at 65 sen
Tambun Indah Land Bhd – up two sen at 57.5 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.