KUALA LUMPUR (July 3): theedgemarkets.com has highlighted 23 stocks with momentum at Bursa Malaysia's afternoon market close today. One stock displayed positive momentum, while 22 showed negative momentum.
The stock with positive momentum was:
Vivocom Intl Holdings Bhd — rose half a sen or 14.29% at four sen
The stocks with negative momentum were:
Anzo Holdings Bhd — rose two sen or 12.12% at 18.5 sen
AWC Bhd — rose 2.5 sen or 5.43% at 48.5 sen
BTM Resources Bhd — rose five sen or 33.33% at 20 sen
Destini Bhd — unchanged at 15.5 sen
Dufu Technology Corp Bhd — rose 47 sen or 9.42% at RM5.46
FoundPac Group Bhd — rose three sen or 3.64% at 85.5 sen
HeveaBoard Bhd — rose 2.5 sen or 5.56% at 47.5 sen
Kretam Holdings Bhd — rose four sen or 8.25% at 52.5 sen
Keck Seng (Malaysia) Bhd — rose three sen or 0.81% at RM3.73
Malakoff Corp Bhd — rose 3.5 sen or 3.66% at 99 sen
Mi Technovation Bhd — rose eight sen or 3.02% at RM2.73
MNRB Holdings Bhd — rose 5.5 sen or 7.28% at 81 sen
Paramount Corp Bhd — rose 2.5 sen or 2.65% at 97 sen
PDZ Holdings Bhd — unchanged at seven sen
Rohas Tecnic Bhd — rose one sen or 2.25% at 45.5 sen
Sam Engineering & Equipment (M) Bhd — rose 23 sen or 2.99% at RM7.93
Sanichi Technology Bhd — rose one sen or 11.76% at 9.5 sen
SC Estate Builder Bhd — unchanged at 3.5 sen
SKB Shutters Corp Bhd — rose two sen or 4.88% at 43 sen
Stella Holdings Bhd — fell 5.5 sen or 5.95% at 87 sen
Toyo Ink Group Bhd — unchanged at 69 sen
VisDynamics Holdings Bhd — rose 2.5 sen or 4.76% at 55 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.