KUALA LUMPUR (Aug 28): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. Four stocks displayed positive momentum while four showed negative momentum.
Stocks with positive momentum were:
Ideal United Bintang International Bhd – down 11 sen at RM1.60
K-One Technology Bhd – up 1 sen at 22.5 sen
Karyon Industries Bhd – down 1 sen at 22 sen
Watta Holding Bhd – down 2.5 sen at 63 sen
Stocks with negative momentum were:
Dominant Enterprise Bhd – unchanged at RM1.31
Inix Technologies Holdings Bhd – up 0.5 sen at 10 sen
Matang Bhd – unchanged at 8 sen
Taliworks Corp Bhd – up 6 sen at RM1.30
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.