KUALA LUMPUR (June 2): theedgemarkets.com has highlighted 12 stocks with momentum at Bursa Malaysia’s noon market close today. One stock displayed positive momentum, while 11 stocks indicated negative momentum.
The stock that displayed positive momentum were:
Nexgram Holdings Bhd – up half a sen at three sen
The stocks that showed negative momentum were:
Opensys (M) Bhd – up 2.5 sen at 41.5 sen
VSolar Group Bhd – up half a sen at five sen
AT Systemization Bhd – up a sen at 8.5 sen
Sanichi Technology Bhd – unchanged at 11.5 sen
Cypark Resources Bhd – up six sen at 99.5 sen
Icon Offshore Bhd – up half a sen at 13 sen
PCCS Group Bhd – up two sen at 33.5 sen
Kenanga Investment Bank Bhd – up 3.5 sen at 61.5 sen
Acoustech Bhd – down 3.5 sen at 49.5 sen
Rubberex M Corp Bhd – down 59 sen at RM3.95
RGT Bhd – up eight sen at 33 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.