APB, Catcha Digital, CRG, Supercomnet, SDS

APB, Catcha Digital, CRG, Supercomnet, SDS
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KUALA LUMPUR (Aug 11): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's afternoon close on Thursday (Aug 11). Two stocks indicated negative momentum, while three stocks had positive momentum.

The stocks with negative momentum were:

  • APB Resources Bhd — up 22 sen at RM1.05
  • Catcha Digital Bhd — up one sen at 23 sen

The stocks with positive momentum were:

  • CRG Incorporated Bhd — up 1.5 sen at 20.5 sen
  • Supercomnet Technologies Bhd — up nine sen at RM1.32
  • SDS Group Bhd — up 2.5 sen at 43 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

Chong Jin Hun