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