KUALA LUMPUR (August 7): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock displayed positive momentum and eight showed negative momentum.
Stock with positive momentum is:
Fajarbaru Builder Group Bhd- up 3 sen at 49 sen
Stocks with negative momentum were:
Bioalpha Holdings Bhd – up 1 sen at 26 sen
Dufu Techonology Corp Bhd – up 11 sen at RM1.56
Efficient E-Solutions Bhd – up 3 sen at 28 sen
Frontken Corporation Bhd – up 7 sen at 68 sen
Grand-Flo Bhd – up 1 sen at 23 sen
JHM Consolidation Bhd – up 2 sen at RM1.27
Kelington Group Bhd – up 3 sen at 81 sen
Pasdec Holdings Bhd – down 1 sen at 54 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.