KUALA LUMPUR (July 12): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia's afternoon close today. All 10 displayed negative momentum.
The stocks with negative momentum were:
Fima Corp Bhd — up three sen at RM2.04
Kia Lim Bhd — up 3.5 sen at 52 sen
SKB Shutters Corp Bhd — up 12 sen at RM2
SMIS Corp Bhd — up one sen at 78.5 sen
UMS Holdings Bhd — up 69 sen at RM3.02
TAFI Industries Bhd — up five sen at RM1.43
Widetech (Malaysia) Bhd — down 41 sen at RM4.97
Pertama Digital Bhd — up 0.5 sen at 57.5 sen
Teo Guan Lee Corp Bhd — down 11 sen at RM2.75
FSBM Holdings Bhd — up six sen at 31.5 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 in volume) and "-ve" (suggesting a falling price trend in 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com