KUALA LUMPUR (July 5): theedgemarkets.com
The stocks with positive momentum were:
Kobay Technology Bhd — down one sen at RM3.40
Pineapple Resources Bhd — up 29 sen at RM1.28
The stocks with negative momentum were:
Amcorp Properties Bhd — up half a sen at 89 sen
Computer Forms (Malaysia) Bhd — up 40 sen at RM4.40
Fima Corp Bhd — down two sen at RM1.93
Kumpulan H & L High-Tech Bhd — up 62 sen at RM3.68
Kumpulan Fima Bhd — up five sen at RM2.04
Metronic Global Bhd — unchanged at 7.5 sen
SKB Shutters Corp Bhd — up 31 sen at RM1.89
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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com