KUALA LUMPUR (June 1): theedgemarkets.com has highlighted 17 stocks with momentum at Bursa Malaysia’s noon market close today. One stock displayed positive momentum, with the rest displaying negative momentum.
The stock which indicated positive momentum was:
K-One Technology Bhd – up nine sen at 41 sen.
The stocks which displayed negative momentum were:
JAG Bhd – up a sen at 7.5 sen
Oceancash Pacific Bhd – up nine sen at 81 sen
Asdion Bhd – up a sen at 14 sen
LYC Healthcare Bhd – up two sen at 46.5 sen
Tex Cycle Technology (M) Bhd – up five sen at 34 sen
ES Ceramics Technology Bhd – up 15 sen at 61.5 sen
BCM Alliance Bhd – up 6.5 sen at 29 sen
LKL International Bhd – up 17.5 sen at 73 sen
HLT Global Bhd – up 29.5 sen at 88 sen
Bursa Malaysia Bhd – up 36 sen at RM8.01
Nylex (M) Bhd – up eight sen at 91.5 sen
Samchem Holdings Bhd – up five sen at 80 sen
Karex Bhd – up 1.5 sen at 62 sen
Hubline Bhd – up half a sen at six sen
CJ Century Logistics Bhd – up four sen at 41 sen
RGT Bhd – up 2.5 sen at 23.5 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.