Amtel, EITA, Elsoft, Greatech, Kobay, Salutica, Silver Ridge, Vertice, Xian Leng, Eupe, Poly Glass

Amtel, EITA, Elsoft, Greatech, Kobay, Salutica, Silver Ridge, Vertice, Xian Leng, Eupe, Poly Glass
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KUALA LUMPUR (Jan 15): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon close today. Nine stocks indicated negative momentum while two showed positive momentum. 

The stocks with negative momentum were:

Amtel Holdings Bhd — up 20 sen at RM2.52

EITA Resources Bhd — up 24 sen at RM2.42

Elsoft Research Bhd — up 4.5 sen at 99 sen

Greatech Technology Bhd — up 21 sen at RM5.87

Kobay Technology Bhd — up 52 sen at RM4.17

Salutica Bhd — up nine sen at 67.5 sen

Silver Ridge Holdings Bhd — down one sen at 61.5 sen

Vertice Bhd — up two sen at 30 sen

Xian Leng Holdings Bhd — up six sen at 86 sen

The stocks with positive momentum were :

Eupe Corp Bhd — up 7.5 sen at 83.5 sen

Poly Glass Fibre (M) Bhd — up four sen at 60 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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com