+A -A
KUALA LUMPUR (June 29): At today’s Bursa Malaysia afternoon market close, theedgemarkets.com highlighted five stocks with momentum. All five stocks have a downward trend.
The following stocks had negative momentum:
Genetec Technology Bhd is now trading at RM8.68, up RM1.48 or 20.56 percent.
At 62.5 sen, Ireka Corp Bhd is down 2.5 sen, or 3.85 percent.
TAFI Industries Bhd is up six sen, or 6.12%, to RM1.04 per share.
Tan Chong Motor Holdings Bhd’s share price remained constant at RM1.20.
At 30.5 sen, Vertice Bhd is up one sen, or 3.39 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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