KUALA LUMPUR (Sep 4): theedgemarkets.com highlighted 12 stocks at Bursa Malaysia’s afternoon close today. All of them indicated negative momentum.
Stocks with negative momentum were:
AE Multi Holdings Bhd – up four sen to 21 sen
Cepatwawasan Group Bhd – up 0.5 sen to 67.5 sen
Eastland Equity Bhd – up one sen to 17 sen
Goodway Integrated Industries Bhd – up 3.5 sen to 69 sen
Homeritz Corp Bhd – up one sen to 73 sen
Lysaght Galvanized Steel Bhd – up 20 sen to RM2.4
Macpie Bhd – up two sen to 20.5 sen
MMAG Holdings Bhd – up two sen to 20.5 sen
Parlo Bhd – down one sen to 17.5 sen
Pecca Group Bhd – up three sen to RM1.24
Tafi Industries Bhd – down two sen to 59 sen
Watta Holding Bhd – up three sen to 70.5 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.