KUALA LUMPUR (July 8): theedgemarkets.com has highlighted 18 stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks displayed positive momentum, while 16 showed negative momentum.
Stocks with positive momentum were:
GPA Holdings Bhd — up two sen at 11.5 sen
PA Resources Bhd — up one sen at seven sen
Stocks with negative momentum were:
Dolphin International Bhd — rose two sen to 13.5 sen
DPI Holdings Bhd — rose half a sen to 18 sen
Hong Leong Bank Bhd — rose eight sen to RM14.54
Hubline Bhd — rose half a sen to 7.5 sen
Inix Technologies Holdings Bhd — rose two sen to nine sen
JKG Land Bhd — rose one sen to eight sen
Johan Holdings Bhd — unchanged at 7.5 sen
Media Prima Bhd — rose 1.5 sen to 17.5 sen
Minda Global Bhd — rose half a sen to 5.5 sen
MQ Technology Bhd — rose one sen to 7.5 sen
PDZ Holdings Bhd — rose nine sen to18 sen
Perak Corp Bhd — rose 1.5 sen to 17.5 sen
SC Estate Builder Bhd — rose half a sen to four sen
Technodex Bhd — rose two sen to eight sen
Tompyak Holdings Bhd — rose seven sen to 64.5 sen
Toyo Ink Group Bhd — rose 10 sen to 80 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.