KUALA LUMPUR (July 31): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon market close today. One stock displayed positive momentum while five showed negative momentum.
Stock with positive momentum was:
GSB Group Bhd – up 0.5 sen at 22 sen
Stocks with negative momentum were:
Bioalpha Holdings Bhd – unchanged at 25.5 sen
Comfort Gloves Bhd – up 1.5 sen at 92.5 sen
Kronologi Asia Bhd – up 1 sen at 71.5 sen
Malakoff Corp Bhd – down 7 sen at 97 sen
RCE Capital Bhd – down 1 sen at RM1.66
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 differentiatesbetween 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 persistsfor 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.