Eforce, Karyon, Caely, Dufu, Econpile, Fajarbaru, JHM, MMAG, MRCB, Visdynamics,Iris

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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.

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