CCK Consolidated, Kumpulan Perangsang, M-Mode, Nova MSC, Pantech, Taliworks

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KUALA LUMPUR (July 5): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed three with positive momentum and three others with negative momentum.

Stocks with positive momentum were:

CCK Consolidated Holdings Bhd – down 0.5 sen at 93 sen

Kumpulan Perangsang Selangor Bhd – down 3 sen at RM1.93

M-Mode Bhd – up 2 sen at 39.5 sen

Stocks with negative momentum were:

Nova MSC Bhd – up 1 sen at 17.5 sen

Pantech Group Holdings Bhd – up 0.5 sen at 60.5 sen

Taliworks Corp Bhd – up 7 sen at RM1.13

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

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