KUALA LUMPUR (June 17): theedgemarkets.com highlighted thirteen stocks with momentum at Bursa Malaysia's afternoon close today. Twelve displayed in negative momentum and one displayed in positive momentum
The stock with positive momentum was:
MMS Ventures Bhd - up 16.5 sen at 77.5 sen
The stock with negative momentum were:
Anzo Holdings Bhd - up 1.5 sen at 7.5 sen
Dolphin International Bhd - up one sen at 10 sen
Edaran Bhd - up 2.5 sen at 39 sen
Hiap Huat Holdings Bhd - unchanged at 11.5 sen
K-Star Sports Ltd - up 1.5 sen at 13.5 sen
Leweko Resources Bhd - up 3.5 sen at 17 sen
Privasia Technology Bhd - up half a sen at 6.5 sen
Protasco Bhd - up 2.5 sen at 28 sen
SMRT Holdings Bhd - up 1.5 sen at 10 sen
Versatile Creative Bhd - up three sen at 43.5 sen
VS Industry Bhd - up eight sen at RM1.10
Vsolar Group Bhd - unchanged at five 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.