KUALA LUMPUR (June 22): theedgemarkets.com has highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks had positive momentum, while the rest displayed negative momentum.
The stocks with positive momentum were:
Aemulus Holdings Bhd – up 3.5 sen at 30 sen
CAB Cakaran Corp Bhd – up three sen at 35 sen
The stocks with negative momentum were:
Willowglen MSC Bhd - up a sen at 52 sen
Key Alliance Group Bhd – unchanged at 7.5 sen
MQ Technology Bhd – up 1.5 sen at 6.5 sen
Mikro MSC Bhd – up two sen at 22.5 sen
AppAsia Bhd – up five sen at 40 sen
Wegmans Holdings Bhd – up two sen at 22.5 sen
Tanco Holdings Bhd – up half a sen at 6.5 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.