KUALA LUMPUR (Aug 19): theedgemarkets.com highlighted 12 stocks with negative momentum at Bursa Malaysia’s afternoon close today.
Stocks with negative momentum were:
Focus Dynamics Group Bhd – fell 10 sen at RM2.01
Hil Industries Bhd – fell three sen at 84.5 sen
JerAsia Capital Bhd – rose seven sen at 55.5 sen
KomarkCorp Bhd – rose 24 sen at RM1.11
MCE Holdings Bhd – rose 3.5 sen at 55 sen
Notion Vtec Bhd – fell one sen at RM1.52
Opensys (M) Bhd – rose 10.5 sen at 84 sen
Salcon Bhd – rose two sen at 23 sen
Tompyak Holdings Bhd – rose 1.5 sen at 82.5 sen
Turiya Bhd – rose 16 sen at 34 sen
United Plantations Bhd – rose 14 sen at RM14.64
V.S. Industry Bhd – rose 16 sen at RM1.78
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.