KUALA LUMPUR (July 30): theedgemarkets.com highlighted 13 stocks with negative momentum at Bursa Malaysia’s afternoon close today.
Stocks with negative momentum were:
Aemulus Holdings Bhd – rose 5.5 sen or 12.09% at 51 sen
BCM Alliance Bhd – rose three sen or 10.34% at 32 sen
Borneo Oil Bhd -unchanged at 4.5 sen
Es Ceramics Technology Bhd – rose 16.5 sen or 26.4% at 79 sen
Iconic Worldwide Bhd – rose four sen or 11.76% at 38 sen
I-Stone Group Bhd – rose one sen or 4.44% at 23.5 sen
Jag Bhd – unhanged at seven sen
Oversea Enterprise Bhd – rose two sen or 6.45% at 33 sen
Priceworth International Bhd – rose half a sen or 16.67% at 3.5 sen
Samchem Holdings Bhd – rose 11.5 sen or 13.94% at 94 sen
SDS Group Bhd – rose 1.5 sen or 5.26% at 30 sen
Wegmans Holdings Bhd – rose 2.5 sen or 12.2% at 23 sen
Wong Engineering Corp Bhd – rose four sen or 7.48% 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.