Stocks with positive momentum are:
AE Multi Holdings Bhd (fundamental: 0.35; valuation: 0.90) up 1 sen to 18.5 sen.
Ireka Corporation Bhd (fundamental: 0; valuation: 1.80) up 1.5 sen to 67 sen.
Prolexus Bhd (fundamental: 2.80; valuation: 1.80) up 2 sen to RM1.62.
Stocks with negative momentum are:
Eco World Development Group Bhd (fundamental: 0.80; valuation: 1.70) up 1 sen to RM1.37.
Asia Media Group Bhd (fundamental: 1.35; valuation: 0.30) flat to 24 sen.
Bina Puri Holdings Bhd (fundamental: 0.15; valuation: 1.1) up 2 sen to 46 sen.
Mycron Steel Bhd (fundamental: 1.0; valuation: 1.7) up 1 sen to 97.5 sen.
Sunway Real Estate Investment Trust (fundamental: 1.00; valuation: 0.15) down 2 sen to RM1.73.
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements. The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentumgenerally only persists for a short period of time.
Source: The Edge Markets