KUALA LUMPUR (June 9): theedgemarkets.com has highlighted 23 stocks with momentum at Bursa Malaysia’s noon market close today. One stock displayed positive momentum, while 22 stocks showed negative momentum.
The stock that displayed positive momentum was:
EG Industries Bhd – rose 6.5 sen at 45.5 sen
The stocks that showed negative momentum were:
AE Multi Holdings Bhd – fell half a sen at 13 sen
AirAsia Group Bhd – rose 16.5 sen at RM1.03
Boustead Plantations Bhd – rose three sen at 42.5 sen
Choo Bee Metal Industries Bhd – rose 2.5 sen at 91 sen
Classic Scenic Bhd – rose three sen at 70 sen
CYPark Resources Bhd – rose 8.5 sen at RM1.04
EcoBuilt Holdings Bhd – rose 3.5 sen at 19 sen
GD Express Carrier Bhd – rose 1.5 sen at 41 sen
Goodway Integrated Industries Bhd – rose one sen at 18 sen
KSL Holdings Bhd – fell one sen at 68.5 sen
Lotus KFM Bhd – rose two sen at 29 sen
Magnum Bhd – rose seven sen at RM2.37
MBM Resources Bhd – rose seven sen at RM3.50
Milux Corp Bhd – rose 12 sen at RM1.14
Gagasan Nadi Cergas Bhd – rose one sen at 28 sen
Naim Holdings Bhd – rose 8.5 sen at 74 sen
OpenSys (M) Bhd – rose 7.5 sen at 53 sen
PowerWell Holdings Bhd – rose nine sen at 40.5 sen
Straits Inter Logistics Bhd – rose two sen at 22 sen
Success Transformer Corp Bhd – rose five sen at 70.5 sen
TexChem Resources Bhd – rose 2.5 sen at 48 sen
Yi-Lai Bhd – rose 15 sen at 93.5 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.