KUALA LUMPUR (Sept 13): theedgemarkets.com highlighted eight stocks at Bursa Malaysia's afternoon close on Tuesday (Sept 13).
Four stocks had positive momentum and four had negative momentum.
The stocks with positive momentum were:
- Aimflex Bhd — up one sen or 7.69% at 14 sen
- PMB Technology Bhd — up 19 sen or 4.55% at RM4.37
- Samaiden Group Bhd — up 1.5 sen or 2.13% at 72 sen
- Signature International Bhd — up six sen or 3.66% at RM1.70
The stocks with negative momentum were:
- Ayer Holdings Bhd — up five sen or 0.79% at RM6.35
- EITA Resources Bhd — up half a sen or 0.64% at 79 sen
- REDtone Digital Bhd — up one sen or 2.25% at 45.5 sen
- Volcano Bhd — up two sen or 4.6% at 45.5 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com