KUALA LUMPUR (Aug 27): theedgemarkets.com highlighted 17 stocks with negative momentum at Bursa Malaysia’s afternoon close today.

The stocks with negative momentum were:

AbleGroup Bhd — up two sen at 15 sen

Acme Holdings Bhd — up 3.5 sen at 29 sen

AHB Holdings Bhd — up five sen at 36.5 sen

Chin Hin Group Property Bhd — up 4.5 sen at 39.5 sen

D&O Green Technologies Bhd — unchanged at 90 sen

Dancomech Holdings Bhd — up 4.5 sen at 59.5 sen

D’nonce Technology Bhd — up six sen at 63.5 sen

Eastland Equity Bhd — up two sen at 16 sen

EKA Noodles Bhd — up five sen at 12.5 sen

G Neptune Bhd — down one sen at 7.5 sen

Global Oriental Bhd — up 11.5 sen at 64.5 sen

JKG Land Bhd — unchanged at 9.5 sen

Marco Holdings Bhd — up 2.5 sen at 16.5 sen

P.A. Resources Bhd — up one sen at 10 sen

Pensonic Holdings Bhd — up two sen at 39.5 sen

South Malaysia Industries Bhd (SMI) — up two sen at 19 sen

Zecon Bhd — up 4.5 sen at 59.5 sen

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 momentum generally only persists for a short period of time.

However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.

Edited by Chong Jin Hun

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