KUALA LUMPUR (July 14): theedgemarkets.com highlighted 11 stocks at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum while nine stocks showed negative momentum.
The stocks with positive momentum were:
Microlink Solutions Bhd — up 15 sen or 11.11% at RM1.50
Sycal Ventures Bhd — up three sen or 15.38% at 22.5 sen
The stocks with negative momentum were:
DNonce Technology Bhd — up one sen or 3.13% at 33 sen
Es Ceramics Technology Bhd — up 4.5 sen or 8.11% at 60 sen
Green Ocean Corp Bhd — down half a sen or 3.7% at 13 sen
iDimension Consolidated Bhd — unchanged at 7.5 sen
Karex Bhd — unchanged at 54.5 sen
MQ Technology Bhd — up half a sen or 5.88% at nine sen
Ni Hsin Resources Bhd — up one sen or 4.35 at 24 sen
PeterLabs Holdings Bhd — down half a sen or 2.17% at 22.5 sen
Versatile Creative Bhd — up 1.5 sen or 2,45% at 45 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.