KUALA LUMPUR (June 9): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (June 9). Three stocks displayed positive momentum, while the other two indicated negative momentum.
The stocks with positive momentum were:
Chin Well Holdings Bhd – up two sen at RM1.89
Majuperak Holdings Bhd – up 2.5 sen at 37 sen
Kumpulan Jetson Bhd – up 2.5 sen at 30.5 sen
The stocks with negative momentum were:
Minda Global Bhd – up half a sen at seven sen
Kumpulan FIMA Bhd – up 11 sen at RM2.81
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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com