KUALA LUMPUR (Sept 2): theedgemarkets.com highlighted 20 stocks at Bursa Malaysia’s afternoon close today. All stocks indicated negative momentum.
Berjaya Food Bhd — up one sen at RM1.25
D&O Green Technologies Bhd — up seven sen at RM1.02
Eastland Equity Bhd — down 0.5 sen at 18 sen
Emico Holdings Bhd — up two sen at 29 sen
Innoprise Plantations Bhd — up three sen at RM1.03
JCY International Bhd — up 16 sen at 83.5 sen
Kobay Technology Bhd — up nine sen at RM2.25
KTG Bhd — up 0.5 sen at 31.5 sen
KUB Malaysia Bhd — up 2.5 sen at 74.5 sen
Kwantas Corp Bhd — up 28 sen at RM1.43
MHC Plantations Bhd — up three sen at 59 sen
MNRB Holdings Bhd — up 7.5 sen sen at RM1.05
Pasukhas Group Bhd — up 2.5 sen at 14 sen
Rev Asia Bhd — down one sen at 30 sen
SHH Resources Holdings Bhd — down two sen at 60 sen
Subur Tiasa Holdings Bhd — up 13 sen at 81.5 sen
T7 Global Bhd — up five sen at 50 sen
Technodex Bhd — down 0.5 sen at 12 sen
TH Plantations Bhd — up one sen at 38 sen
Vizione Holdings Bhd — up one sen at 51 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.
Edited by Lam Jian Wyn