KUALA LUMPUR (Sept 10): theedgemarkets.com highlighted six stocks with negative momentum at Bursa Malaysia’s afternoon close today.
Stocks with negative momentum were:
ACME Holdings Bhd – down half a sen at 30.5 sen
Asian Pac Holdings Bhd – up 2.5 sen at 15 sen
MESB Bhd – up six sen at 31.5 sen
Parlo Bhd – up 5.5 sen at 34 sen
TFP Solutions Bhd – up 3.5 sen at 25.5 sen
YLI Holdings Bhd – up four sen at 27 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.