KUALA LUMPUR (May 5): theedgemarkets.com has highlighted nine stocks with momentum at the noon market close today. One stock displayed positive momentum, with eight stocks showing negative momentum.
The stock with positive momentum was:
Golden Pharos Bhd — up one sen at 59 sen
The stocks with negative momentum were:
ACME Holdings Bhd — up three sen at 36 sen
A-Rank Bhd — up seven sen at 82.5 sen
Engtex Group Bhd — up three sen at 80.5 sen
Gopeng Bhd — up nine sen at RM1.22
Karyon Industries Bhd — up one sen at 25.5 sen
LBI Capital Bhd — up 3.5 sen at 83.5 sen
Sedania Innovator Bhd — up eight sen at 31.5 sen
YLI Holdings Bhd — up three sen at 45.5 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com