KUALA LUMPUR (Sept 3): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. All showed positive momentum.
Stock with positive momentum were:
Amcorp Properties Bhd – unchanged at 75 sen
AmanahRaya Real Estate Investment Trust – up 1.5 sen or 1.75% at 87 sen
Kim Teck Cheong Bhd – Unchanged at 17.5 sen
Pesona Metro Holdings Bhd – Unchanged at 32.5 sen
Sanbumi Holdings Bhd – Unchanged at 18.5 sen
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.