KUALA LUMPUR (July 27): theedgemarkets.com highlighted 18 stocks at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum while 16 showed negative momentum.
Stocks with positive momentum were:
Borneo Oil Bhd - rose one sen to 4.5 sen
Iris Corp Bhd - rose four sen to 33.5 sen
Stocks with negative momentum were:
Three-A Resources Bhd (3A) - rose 3.5 sen to 84 sen
CB Industrial Product Holding Bhd (CBIP)- rose two sen to 94.5 sen
Guan Chong Bhd - rose 12 sen to RM3.07
Iconic Worldwide Bhd - rose 2.5 sen to 36 sen
Iqzan Holding Bhd - unchanged at 13.5 sen
Jadi Imaging Holdings Bhd - rose two sen to 11.5 sen
Kobay Technology Bhd - rose four sen to RM1.99
Master-Pack Group Bhd - rose 18 sen to RM2.10
Poh Kong Holdings Bhd - rose 11.5 sen to 63.5 sen
Poly Glass Fibre (M) Bhd - rose 2.5 sen to 43.5 sen
SCGM Bhd - rose 34 sen to RM3.02
Sersol Bhd - rose half a sen to 16 sen
Ta Win Holdings Bhd - rose two sen to 24.5 sen
TDM Bhd - rose half a sen to 28 sen
Turiya Bhd - rose one sen to 13.5 sen
XOX Bhd - rose 3.5 sen to 21.5 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.