Wednesday 28 Feb 2024
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KUALA LUMPUR (July 7): has highlighted 15 stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks displayed positive momentum, while 13 showed negative momentum.

The stocks with positive momentum were:

AHB Holdings Bhd — rose two sen or 25% at 10 sen

Nova MSC Bhd — rose 1.5 sen or 27.27% at seven sen

The stocks with negative momentum were:

Comfort Gloves Bhd — down 13 sen or 3.47% at RM3.47

DGB Asia Bhd — up half a sen or 16.67% at 3.5 sen

JCY International Bhd — up two sen or 5.71% at 37 sen

Kejuruteraan Asastera Bhd — up 8.5 sen or 8.63% at RM1.07

KUB Malaysia Bhd — up six sen or 9.84% at 67 sen

Media Prima Bhd — up half a sen or 3.23% at 16 sen

Mega Sun City Holdings Bhd — down half a sen or 3.85% at 12.5 sen

Meridian Bhd — up one sen or 11.11% at 10 sen

MQ Technology Bhd — up one sen or 18.18% at 6.5 sen

Securemetric Bhd — up half a sen or 4% at 13 sen

Ta Win Holdings Bhd — up 1.5 sen or 15% at 11.5 sen

ViTrox Corp Bhd — up 74 sen or 7.71% at RM10.34

Zelan Bhd — up half a sen or 7.69% at seven 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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at

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