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KUALA LUMPUR (July 8): At today’s Bursa Malaysia afternoon close, theedgemarkets.com highlighted eight stocks with momentum. Positive momentum was seen in one stock, while negative momentum was seen in seven others.
Pineapple Resources Bhd — up 19 sen at RM1.28 — was the stock with the most positive momentum.
Innity Corp Bhd — up 2.5 sen at 81.5 sen — was among the stocks with negative momentum.
Kobay Technology Bhd is now trading at RM3.45, up three sen.
Y&G Corp Bhd is up 33 sen to RM1.61 per share.
Kumpulan H & L High-Tech Bhd (Hightec) is now trading at RM4.21, up 50 sen.
SMIS Corp Bhd is now trading at 82 sen, up six sen.
Pelangi Publishing Group Bhd is now trading at 42.5 sen, up six sen.
RM4.28 for Widetech (Malaysia) Bhd, up 60 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
