KUALA LUMPUR (June 11): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks displayed positive momentum while six showed negative momentum.
Stocks with positive momentum were :
Master-Pack Group Bhd - up one sen at RM1.05
Ekovest Bhd - up one sen at 86 sen
Stocks with negative momentum were :
Inta Bina Group Bhd - up 0.5 sen at 29 sen
Revenue Group Bhd - up four sen at RM1.30
Iskandar Waterfront City Bhd (IWCity) - up seven sen at RM1.01
Tadmax Resources Bhd - up 1.5 sen at 29 sen
Ikhmas Jaya Group Bhd - up 0.5 sen at 19.5 sen
Malton Bhd - up three sen at 58.5 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.