KUALA LUMPUR (Sept 1): theedgemarkets.com highlighted 15 stocks at Bursa Malaysia’s afternoon close today. All 15 stocks indicated negative momentum.
The stocks with negative momentum were:
Acme Holdings Bhd – down one sen at 30 sen
AHB Holdings Bhd – up 2.5 sen at 34.5 sen
Boustead Plantations Bhd – up 2.5 sen at 41 sen
Chin Hin Group Bhd – up 11 sen at RM1.31
GPA Holdings Bhd – up three sen at 24 sen
Grand Hoover Bhd – up seven sen at 79 sen
IQ Group Holdings Bhd – up 30 sen at RM1.05
MCE Holdings Bhd – up 16.5 sen at 80.5 sen
Nova MSC Bhd – up 1.5 sen at 11 sen
Pasukhas Group Bhd – up 2.5 sen at 10.5 sen
PCCS Group Bhd – up 1.5 sen at 42 sen
Rev Asia Bhd – up 2.5 sen at 30.5 sen
Sycal Ventures Bhd – down 1.5 sen at 32 sen
Symphony Life Bhd – up three sen at 68.5 sen
Teck Guan Perdana Bhd – down four sen at RM1.13
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