KUALA LUMPUR (June 17): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. All stocks displayed negative momentum.
The stocks with negative momentum were:
CWG Holdings Bhd — unchanged at 41 sen
Hwa Tai Industries Bhd — unchanged at 58 sen
Kobay Technology Bhd — down three sen at RM2.62
MPHB Capital Bhd — up one sen at RM1.63
REX Industry Bhd — unchanged at 25.5 sen
SEAL Incorporated Bhd — down five sen at 37 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.