KUALA LUMPUR (July 6): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed four with positive momentum and three others with negative momentum.
Stocks with positive momentum were:
Nova MSC Bhd – down 1 sen at 16 sen
Privasia Technology Bhd – up 1 sen at 12.5 sen
Ho Hup Construction Company Bhd – down 1 sen at 51 sen
Tambun Indah Land Bhd – up 1.5 sen at 87.5 sen
Stocks with negative momentum were:
Borneo Aqua Harvest Bhd – up 2 sen at RM1.27
Ideal United Bintang International Bhd – up 1.5 sen at RM1.36
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.