KUALA LUMPUR (July 21): theedgemarkets.com highlighted 13 stocks at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while 12 stocks showed negative momentum.
The stock with positive momentum was:
China Ouhua Winery Holdings Ltd – up half a sen at 4.5 sen
The stocks with negative momentum were:
Ajiya Bhd – up 1.5 sen at 54.5 sen
Daya Materials Bhd – up half a sen at 20 sen
DPS Resources Bhd – unchanged at 7.5 sen
Eka Noodles Bhd – up half a sen at five sen
Ikhmas Jaya Group Bhd – up 2.5 sen at 14.5 sen
JCY International Bhd – up three sen at 50.5 sen
Niche Capital Emas Holdings Bhd – unchanged at seven sen
Peterlabs Holdings Bhd – up 2.5 sen at 27 sen
Priceworth International Bhd – up half a sen at three sen
SC Estate Builder Bhd – up 1.5 sen at 5.5 sen
Techbond Group Bhd – up 2.5 sen at 89.5 sen
XOX Bhd – unchanged at 18 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.