APB, CWG, DRBHCOM, MMSV, PMBTECH, YBS, HHHCORP, Olympia, PCCS

APB, CWG, DRBHCOM, MMSV, PMBTECH, YBS, HHHCORP, Olympia, PCCS
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KUALA LUMPUR (Aug 24): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia's afternoon close on Wednesday (Aug 24). Six stocks indicated negative momentum, while three stocks had positive momentum.

The stocks with negative momentum were:

APB Resources Bhd — up eight sen at RM1.26

CWG Holdings Bhd — up two sen at 39 sen

DRB-Hicom Bhd — up 11 sen at RM1.40

MMS Ventures Bhd — unchanged at 84 sen

PMB Technology Bhd — up 18 sen to RM3.48

YBS International Bhd — up 4.5 sen to 70 sen

The stocks with positive momentum were:

Hiap Huat Holdings Bhd — up one sen to 14.5 sen

Olympia Industries Bhd — up one sen to 8.5 sen

PCCS Group Bhd — down two sen to 67 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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com