KUALA LUMPUR (July 16): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon close today. Three stocks displayed positive momentum, while three showed negative momentum.
The stocks with positive momentum were:
Kia Lim Bhd — up half a sen at 55 sen
B.I.G. Industries Bhd (BIG) — up 20.5 sen at 94.5 sen
Hwa Tai Industries Bhd — up 11 sen at 63 sen
The stocks with negative momentum were:
Tex Cycle Technology (M) Bhd — up one sen at 49 sen
Mulpha International Bhd — up nine sen at RM2.25
Resintech Bhd — unchanged at 54.5 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.
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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com