+A -A
KUALA LUMPUR (June 30): At today’s Bursa Malaysia afternoon market close, theedgemarkets.com highlighted five stocks with momentum. Three of the stocks had positive momentum, while the remaining two had negative momentum.
ENRA Group Bhd was up 3.5 sen or 5.43 percent at 68 sen, indicating strong trend.
Kumpulan At RM2.50, H&L High-Tech Bhd is up 26 sen, or 11.61 percent.
At 56 sen, Pertama Digital Bhd is up one sen, or 1.82 percent.
Ireka Corp Bhd — up three sen or 4.48 percent at 70 sen — was one of the stocks with negative momentum.
At RM1.15, TAFI Industries Bhd is up nine sen, or 8.49 percent.
A sophisticated mathematical technique is used to construct the list of stocks with momentum, which highlights equities with increased trading volume and price. The algorithm can tell the difference between equities with positive (+ve) and negative (-ve) momentum.
This is not a suggestion to purchase or sell any of the stocks on this list. It simply informs you of which stocks are experiencing higher-than-normal volume and price fluctuations.
From here, the stock price could go up or down. The “+ve” (indicating a rising price trend on volume) and “-ve” (indicating a falling price trend on volume) indications, on the other hand, should help readers understand what the market is purchasing and when to sell. It’s also worth noting that momentum usually only lasts a short time.
However, each stock has a fundamental score and a value score to help readers assess the stock’s appeal if they want to ride the wave.
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