KUALA LUMPUR (Aug 11): theedgemarkets.com highlighted ten stocks with momentum at Bursa Malaysia’s afternoon close today. All stocks showed negative momentum.
Stocks with negative momentum were:
Aeon Co (M) Bhd – up 11 sen at RM1.43
ARK Resources Holdings Bhd – up 2.5 sen at 71 sen
CI Holdings Bhd – up 19 sen at RM3.70
Hup Seng Industries Bhd – down 1.5 sen at 97.5 sen
Mobilia Holdings Bhd – up one sen at 55 sen
Oriental Food Industries Holdings Bhd – up four sen at RM1.11
SAM Engineering & Equipment (M) Bhd – up 48 sen at RM14.68
SCC Holdings Bhd – up one sen at 44 sen
TAFI Industries Bhd – up 14 at RM2.04
Techbond Group Bhd – up 1.5 sen at 55.5 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.