KUALA LUMPUR (June 19): theedgemarkets.com has highlighted twelve stocks with momentum at Bursa Malaysia's afternoon close today. Three displayed positive momentum, while nine displayed negative momentum.
The stock with positive momentum were:
Amcorp Properties Bhd - up 3.5 sen at 37.5 sen
JF Technology Bhd – up 25 sen at RM2.03
Ni Hsin Resources Bhd – up 1.5 sen at 17.5 sen
The stock with negative momentum were:
Anzo Holdings Bhd – down half a sen at 8 sen
Malaysian Bulk Carriers Bhd – up 1.5 sen at 43 sen
Mikro MSC Bhd – up one sen at 20.5 sen
MQ Technology Bhd – up half a sen at 4.5 sen
OCR Group Bhd – up five sen at 47.5 sen
OpenSys (M) Bhd – up 4.5 sen at 67.5 sen
Prestariang Bhd – up nine sen at 57.5 sen
Versatile Creative Bhd – up one sen at 41 sen
Willowglen MSC Bhd – up 2.5 sen 51.5 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.