KUALA LUMPUR (July 23): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. Threes stocks displayed positive momentum while the other four stocks showed negative momentum.
Stocks with positive momentum were:
Aemulus Holdings Bhd - up 2.5 sen or 9.26% at 29.5 sen
MBM Resources Bhd - up 15 sen or 5.07% at RM3.11
Vsolar Group Bhd - down 1 sen or 4.35% at 22 sen
Stocks with negative momentum were:
Complete Logistic Services Bhd - unchanged at 92.5 sen
Excel Force MSC Bhd - up 7 sen or 10.69% at 72.5 sen
Green Packet Bhd - up 2 sen or 3.96% at 52.5 sen
PNE PCB Bhd - up 1 sen or 1.83% at 55.5 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.