KUALA LUMPUR (July 2): theedgemarkets.com has highlighted 11 stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks displayed positive momentum, while nine showed negative momentum.
Stocks with positive momentum were:
HeveaBoard Bhd - up half a sen at 41.5 sen
WZ Satu Bhd - up 1.5 sen at 23 sen
Stocks with negative momentum were:
Bright Packaging Industry Bhd - unchanged at 21 sen
Gets Global Bhd - unchanged at 11 sen
Homeritz Corp Bhd - down half a sen at 61 sen
Khind Holdings Bhd - down two sen at RM1.61
Latitude Tree Holdings Bhd - up seven sen at RM2.22
MY E.G. Services Bhd - up one sen at RM1.53
Naim Holdings Bhd - up eight sen at 95 sen
PDZ Holdings Bhd - up one sen at six sen
Poh Huat Resources Holdings Bhd - up seven sen at RM1.26
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.