+A -A
KUALA LUMPUR (July 7): At today’s Bursa Malaysia afternoon close, theedgemarkets.com highlighted six stocks with momentum. Positive momentum was seen in three stocks, while negative momentum was seen in three others.
Positively trending stocks included:
M3 Technologies (Asia) Bhd is now trading at eight sen, up half a sen.
Pelikan International Corp Bhd is now trading at 37.5 sen, up 1.5 sen.
Enra Group Bhd is now trading at 91 sen, up three sen.
The following stocks had negative momentum:
Y&G Corp Bhd is up 25.5 sen to RM1.24 per share.
Kumpulan H & L High-Tech Bhd is now trading at RM3.53, up 30 sen.
FSBM Holdings Bhd is now trading at 25 sen, up 1.5 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 indicates 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.
Each stock, however, has a fundamental score and a valuation score to help readers assess the stock’s potential if they want to ride the trend./n
