KUALA LUMPUR (July 24): theedgemarkets.com highlighted 15 stocks at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum while 13 stocks showed negative momentum.
The stocks with positive momentum were:
Dagang NeXchange Bhd – up three sen at 26 sen
Pharmaniaga Bhd – down 30 sen at RM3.73
The stocks with negative momentum were:
AE Multi Holdings Bhd – up half a sen at 12 sen
Analabs Resources Bhd – up seven sen at RM1.09
BLD Plantation Bhd – up 20 sen at RM6.20
EG Industries Bhd – up two sen at 45 sen
Green Ocean Corp Bhd – up two sen at 20 sen
Hap Seng Plantations Holdings Bhd – down one sen at RM1.63
Ikhmas Jaya Group Bhd – up 2.5 sen at 15 sen
Kim Loong Resources Bhd – up two sen at RM1.46
Komarkcorp Bhd – up seven sen at 55 sen
Nexgram Holdings Bhd – up two sen at six sen
NTPM Holdings Bhd – down half a sen at 57 sen
TH Plantations Bhd – up 2.5 sen at 36.5 sen
TSH Resources Bhd – up eight sen at RM1.11
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.