KUALA LUMPUR (June 28): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. Four stocks displayed positive momentum while the other two stocks showed negative momentum.
Stocks with positive momentum were:
KNM Group Bhd — up 3 sen or 15.8% at 22 sen
Leweko Resources Bhd — up 7 sen or 38.9% at 25 sen
Niche Capital Emas Holdings Bhd — up 1 sen or 22.2% at 5.5 sen
Wegmans Holdings Bhd — unchanged at 34 sen
Stocks with negative momentum were:
DKSH Holdings (Malaysia) Bhd — up 6 sen or 2.3% at RM2.72
Focus Dynamics Group Bhd — up 0.5 sen or 2.7% at 19 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.