KUALA LUMPUR (July 30): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close today. Eight stocks displayed negative momentum, while one showed positive momentum.
The stocks with negative momentum were:
Computer Forms (Malaysia) Bhd (CFM) — up six sen at RM4.34
Efficient E-Solutions Bhd — down one sen at 24 sen
IJM Corp Bhd — up three sen at RM1.86
Innity Corp Bhd — down five sen at 74 sen
Kein Hing International Bhd — down 10 sen at RM1.16
SAM Engineering & Equipment (M) Bhd — up 40 sen at RM8.72
SBC Corp Bhd — up one sen at 47 sen
Scanwolf Corp Bhd — up six sen at 48 sen
The stock with positive momentum was:
KIP Real Estate Investment Trust (REIT) — up three sen at 88 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.