KUALA LUMPUR (July 9): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock displayed positive momentum while four stocks displayed negative momentum.
The stock with positive momentum was:
Homeritz Corp Bhd — up 1.5 sen or 2.4% at 64 sen
The stocks with negative momentum were:
Focus Dynamics Group Bhd — up half sen or 1.89% at 27 sen
Minda Global Bhd — down half sen or 6.67% at 7 sen
SMTrack Bhd — up one sen or 4.55% at 23 sen
Tune Protect Group Bhd — up 2 sen or 2.76%at 74.5 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.