KUALA LUMPUR (June 2): theedgemarkets.com has highlighted nine stocks with momentum at afternoon market close today. Three stocks show positive momentum while the othersix stocks show negative momentum.
Stocks with positive momentum are:
Silk Holdings Bhd, down 4 sen or 8.7% at 42 sen.
Green Ocean Corp Bhd, up 0.5 sen or 5.26% at 10 sen.
MLABS Systems Bhd, up 4 sen or 50^ at 12 sen.
Stocks with negative momentum are:
Brite-Tech Bhd, up 2.5 sen or 8.2% at 33sen.
JMR Conglomeration Bhd, up 1 sen or 0.91% at RM1.11.
WZ Satu Bhd, down 10 sen or 8.55% at RM1.07.
Poh Huat Resources Holdings Bhd, up 3 sen or 1.91% at RM1.60
Mexter Technology Bhd, up 3 sen or 15.79% at 22 sen.
AE Multi Holdings Bhd, up 0.5 sen or 3.45% at 15 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.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)