KUALA LUMPUR (June 4): theedgemarkets.com has highlighted 13 stocks with momentum at Bursa Malaysia’s noon market close today. Two stocks displayed positive momentum, while 11 stocks indicated negative momentum.
The stocks that displayed positive momentum were:
Hiap Teck Venture Bhd – rose half a sen at 17.5 sen
K. Seng Seng Corp Bhd – rose 2.5 sen at 39.5 sen
The stocks that indicated negative momentum were:
AT Systematization Bhd – rose two sen at 10 sen
BP Plastics Holding Bhd – rose three sen at RM1.21
Sino Hua-An International Bhd – rose 1.5 sen at 10.5 sen
InnoPrise Plantations Bhd – rose three sen at 77 sen
Jag Bhd – rose one sen at nine sen
Khind Holdings Bhd – rose four sen at RM1.68
KSL Holdings Bhd – rose 1.5 sen at 68 sen
Lotus KFM Bhd – rose four sen at 27 sen
MNRB Holdings Bhd – rose 2.5 sen at 76 sen
TexChem Resources Bhd – rose three sen at 44 sen
United Plantations Bhd – fell two sen at RM13.56
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.