KUALA LUMPUR (July 29): theedgemarkets.com highlighted 17 stocks at Bursa Malaysia’s afternoon close today. One stock showed positive momentum while 16 displayed negative momentum.
Stock with positive momentum was:
Poh Kong Holdings Bhd – up 4.5 sen at 82.5 sen
Stocks with negative momentum were:
Adventa Bhd – up nine sen at RM2.19
DKSH Holdings (Malaysia) Bhd – up 29 sen at RM3.38
HB Global Limited – unchanged at 14.5 sen
Sino Hua-An International Bhd – up half a sen at 11.5 sen
Ikhmas Jaya Group Bhd – up half a sen at 15 sen
Iqzan Holding Bhd – up half a sen at 14.5 sen
LKL International Bhd – up 5.5 sen at 71 sen
Luxchem Corp Bhd – up one sen at 86.5 sen
MMAG Holdings Bhd – unchanged at 36 sen
P.A. Resources Bhd – up half a sen at 7.5 sen
Prestar Resources Bhd – up half a sen at 47 sen
Perak Transit Bhd – up one sen at 25 sen
Systech Bhd – down half a sen at 20 sen
TA Enterprise Bhd – unchanged at 61 sen
Syarikat Takaful Malaysia Keluarga Bhd – up 18 sen at RM4.66
Ta Win Holdings Bhd – down three sen at 23.5 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.