KUALA LUMPUR (Aug 4): theedgemarkets.com highlighted eighteen stocks with momentum at Bursa Malaysia's afternoon close today. Sixteen displayed in negative momentum and two displayed in positive momentum.
The stock with positive momentum were:
D'Nonce Technology Bhd - up 13.5 sen at 44.5 sen
mTouche Technology Bhd - up 2.5 sen at 10sen
The stock with negative momentum were:
AT Systematization Bhd - up 0.5 sen at 10.5 sen
B.I.G. Industries Bhd - unchanged at 31 sen
Caely Holdings Bhd - up 4.5sen at 58 sen
DGB Asia Bhd - up one sen at seven sen
EG Industries Bhd - up eight sen at 67 sen
JHM Consolidated Bhd - up one sen at RM1.63
Kanger International Bhd - up two sen at 12.5 sen
Karex Bhd - up 7.5s en at 74.5 sen
Komarkcorp Bhd - up four sen at 67 sen
Mlabs Systems Bhd - up one sen at 6.5 sen
MSCM Holdings Bhd - up 13 sen at 70 sen
Ni Hsin Resources Bhd - up 2.5 sen at 28.5 sen
Prestar Resources Bhd - up four sen at 58 sen
Solution Group Bhd - up one sen at 11.5 sen
Sunzen Biotech Bhd - up one sen at 16.5 sen
Titijaya Land Bhd - down 0.5 sen at 29 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.