Focusp, Salute, Sealink, DRBHcom, Mieco, Naim
KUALA LUMPUR (Aug 19): theedgemarkets.com highlighted 6 stocks with momentum at Bursa Malaysia’s afternoon market close today. Three showed positive momentum while three showed negative momentum.
Stocks with positive momentum:
Focus Point Holdings Bhd - up 4.5 sen to 61.5 sen
Salutica Bhd - up 3 sen to 51 sen
Sealink Int Bhd - up 2.5 sen to 27.5 sen
Stocks with negative momentum:
DRB Hicom Bhd - up 8 sen to RM2.8
Mieco Chipboard Bhd - up 2 sen to 32.5 sen
NAIM Holdings Bhd - up 5.5 sen to RM1.03
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.