KUALA LUMPUR (June 15): theedgemarkets.com highlighted thirteen stocks with momentum at Bursa Malaysia's afternoon close today. Twelve displayed in negative momentum and one displayed in positive momentum
The stock with positive momentum was:
Kanger International Bhd - up 1.5 sen at nine sen
The stock with negative momentum were:
Asia Poly Holdings Bhd - u 2.5 sen at 14 sen
Dolphin International Bhd - up 2.5 sen at 9.5 sen
HB Global Ltd - up three sen at 10.5 sen
Macpie Bhd - up 1.5 sen at 15.5 sen
Minetec Resources Bhd - up three sen at 31 sen
Pegasus Heights Bhd - down half a sen at one sen
Prestariang Bhd - up 1.5 sen at 35 sen
Systech Bhd - up two sen at 18 sen
Tasek Corp Bhd - down one sen at RM5.79
Versatile Creative Bhd - up 2.5 sen at 37.5 sen
Vsolar Group Bhd - up two se at 5.5 sen
Yilai Bhd - down one sen at 95.5 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.