KUALA LUMPUR (AUG 8): theedgemarkets.com highlighted eleven stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks displayed positive momentum and nine showed negative momentum.
Stocks with positive momentum were:
Excel Force MSC Bhd – up 4.5 sen or 6.82% at RM1.42 at 70.5 sen
Karyon Industries Bhd – up one sen or 5.41% at RM1.42 at 19.5 sen
Stocks with negative momentum were:
Caely Holdings Bhd – up five sen or 5.21% at RM1.01
Dufu Technology Corp Bhd – unchanged at RM1.62
Econpile Holdings Bhd – up three sen or 3.30% at 94 sen
Fajarbaru Builder Group Bhd – up 0.5 sen or 0.99% at 51 sen
JHM Consolidation Bhd – up two sen or 1.55% at RM1.31
MMAG Holdings Bhd – up 1.5sen or 5.17% at 30.5 sen
Malaysian Resources Corp Bhd (MRCB) – up 4.5 sen or 5.66% at 84 sen
VisDynamics Holdings Bhd – up four sen or 6.15% at 69 sen
Iris Corp Bhd – down 1.5 sen or 8.57% at 16 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.