KUALA LUMPUR (July 1): theedgemalaysia.com highlighted two stocks with positive momentum and five stocks with negative momentum at Bursa Malaysia’s afternoon close on Wednesday.
The stocks with positive momentum were:
- ACO Group Bhd (KL:ACO) — up a half sen or 3.13% at 16.5 sen
- YTL Power International Bhd (KL:YTLPOWR) — up 31 sen or 7.42% at RM4.49
The stocks with negative momentum were:
- VisDynamics Holdings Bhd (KL:VIS) — up one sen or 4.26% at 24.5 sen
- Critical Holdings Bhd (KL:CHB) — up 32 sen or 29.36% at RM1.41
- Northern Solar Holdings Bhd (KL:NORTHERN) — up three and a half sen or 5.6% at 66 sen
- YB Ventures Bhd (KL:YB) — unchanged at 12 sen
- Velocity Capital Partner Bhd (KL:VELOCITY) — up a half sen or 9.09% at six 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.
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