Eduspec, SC Estate, Green Packet, Boilermech, Kanger, Adventa

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KUALA LUMPUR (July 31): highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks had positive momentum while four showed negative momentum.

Stocks with positive momentum were:

Eduspec Holdings Bhd — up 0.5 sen at 4.5 sen

SC Estate Builder Bhd — down one sen at four sen

Stocks with negative momentum were:

Green Packet Bhd — up 1.5 sen at 62.5 sen

Boilermech Holdings Bhd — up seven sen at 78.5 sen

Kanger International Bhd — up 0.5 sen at eight sen

Adventa Bhd — up eight sen at 55 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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at