KUALA LUMPUR (July 20): theedgemarkets.com highlighted 18 stocks at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while 17 stocks showed negative momentum.
The stock with positive momentum was:
Nexgram Holdings Bhd – up 1.5 sen at 4.5 sen
The stocks with negative momentum were:
Astral Asia Bhd – up half a sen at 12.5 sen
Ancom Bhd – up two sen at 82 sen
Ancom Logistics Bhd – up 12 sen at 54.5 sen
Boustead Plantations Bhd – up two sen at 39.5 sen
BP Plastics Holdings Bhd – up nine sen at RM1.33
Daya Materials Bhd – up one sen at 2.5 sen
EA Holdings Bhd – up one sen at 3.5 sen
Kenanga Investment Bank Bhd – up 5.5 sen at 67 sen
Mlabs Systems Bhd – up half a sen at six sen
Orion IXL Bhd – up one sen at eight sen
Peterlabs Holdings Bhd – up one sen at 24 sen
Salcon Bhd – unchanged at 22.5 sen
Scanwolf Corp Bhd – up one sen at 23 sen
Technodex Bhd – up half a sen at eight sen
TSH Resources Bhd – up four sen at 98.5 sen
Versatile Creative Bhd – up 4.5 sen at 66.5 sen
Xian Leng Holdings Bhd – up 4.5 sen at 54 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.