KUALA LUMPUR (July 25): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock displayed positive momentum while the remaining eight stocks showed negative momentum.
Stock with positive momentum was:
Dagang Nexchange Bhd - up 1 sen or 3.57% at 29 sen
Stocks with negative momentum were:
Heng Huat Resources Bhd - unchanged at 15.5 sen
Hiap Huat Holdings Bhd - up 0.5 sen or 3.57% at 14.5 sen
Mintye Bhd - up 2.5 sen or 2.56% at RM1.00
Power Root Bhd - up 1 sen or 0.53% at RM1.88
Sarawak Consolidated Industries Bhd - up 6 sen or 6.25% at RM1.02
Sunway Construction Group Bhd - up 2 sen or 0.93% at RM2.17
SWS Capital Bhd - up 1.5 sen or 2.08% at 73.5 sen
Zecon Bhd - up 1.5 sen or 5.08% at 31 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.