KUALA LUMPUR (July 17): theedgemalaysia.com highlighted 12 stocks with momentum at Bursa Malaysia’s noon market break on Wednesday. One stock showed positive momentum, while the other 11 stocks showed negative momentum.
The stock with positive momentum was:
- Magnum Bhd (KL:MAGNUM) — up seven sen or 5.93% at RM1.25
The stocks with negative momentum were:
- AGX Group Bhd (KL:AGX) — up 4.5 sen or 12.33% at 41 sen
- Alam Maritim Resources Bhd (KL:ALAM) — unchanged at 3.5 sen
- AppAsia Bhd (KL:APPASIA) — up one sen or 6.25% at 17 sen
- Censof Holdings Bhd (KL:CENSOF) — up 2.5 sen or 6.49% at 41 sen
- EP Manufacturing Bhd (KL:EPMB) — unchanged at 82 sen
- Gabungan AQRS Bhd (KL:GBGAQRS) — up two sen or 4.60% at 45.5 sen
- Haily Group Bhd (KL:HAILY) — up four sen or 5.48% at 77 sen
- Melati Ehsan Holdings Bhd (KL:MELATI) — down 1.5 sen or 2.33% at 63 sen
- NationGate Holdings Bhd (KL:NATGATE) — down 14 sen or 5.74% at RM2.30
- Poh Kong Holdings Bhd (KL:POHKONG) — up one sen or 0.83% at RM1.21
- Waja Konsortium Bhd (KL:WAJA) — unchanged at 9.5 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 www.absolutelystocks.com