KUALA LUMPUR (Sept 4): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon market close today. Three stocks displayed negative momentum while one showed positive momentum.
Stocks with negative momentum were:
AmanahRaya Real Estate Investment Trust – up 0.5 sen or 0.58% at 86.5 sen
Gas Malaysia Bhd – down two sen or 0.68% at RM2.91
Pesona Metro Holdings Bhd – up two sen or 6.15% at 34.5 sen
Stock with positive momentum was:
Minho (M) Bhd – up 0.5 sen or 0.97% at 52 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.