+A -A
KUALA LUMPUR (July 13): At today’s Bursa Malaysia afternoon close, theedgemarkets.com highlighted five stocks with momentum. Two of the stocks had positive momentum, while the other three had negative momentum.
Positively trending stocks included:
RM4.79 for Kumpulan H & L High-Tech Bhd, up 20 sen.
Ireka Corporation Bhd’s share price remained constant at 65 sen.
BP Plastics Holding Bhd — up 13 sen at RM1.83; BP Plastics Holding Bhd — up 13 sen at RM1.83; BP Plastics Holding Bhd — up 13 sen at RM1.83
Fibon Bhd is now trading at 51 sen, up two sen.
Scanwolf Corporation Bhd’s share price remained constant at 39.5 sen.
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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