KUALA LUMPUR (July 25): theedgemarkets.com highlighted nine stocks with momentum, with two stocks having a positive momentum, and seven others with negative momentum at Bursa Malaysia’s afternoon market close today.
The stocks with positive momentum were:
Malaysia Building Society Bhd — up 3 sen at RM1.15
Privasia Technology Bhd — up 0.5 sen at 14.5 sen
The stocks with negative momentum were:
Capitaland Malaysia Mall Trust — unchanged at RM1.23
Eastern & Oriental Bhd — up 1 sen at RM1.66
Efficient E-Solutions Bhd — up 1.5 sen at 26.5 sen
FoundPac Group Bhd — up 1 sen at 37.5 sen
Parkson Holdings Bhd — up 2.5 sen at 62 sen
Salutica Bhd — up 2 sen at 59.5 sen
Tambun Indah Land Bhd — up 1 sen at RM1.04
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.