KUALA LUMPUR (Sept 17): theedgemarkets.com highlighted nine stocks at Bursa Malaysia’s afternoon close today. Eight stocks indicated negative momentum while one stock showed positive momentum.
The stocks with negative momentum were:
Bina Puri Holdings Bhd — up 0.5 sen at 10.5 sen
Chin Hin Group Property Bhd — up five sen at 52 sen
K-Star Sports Ltd — up two sen at 19 sen
MCE Holdings Bhd — up 5.5 sen at 84.5 sen
MMAG Holdings Bhd — up 21 sen at RM1.70
RGT Bhd — up 2.5 sen at 52.5 sen
Technodex Bhd — up two sen at 18 sen
Wong Engineering Corp Bhd — up three sen at 70 sen
The stock with positive momentum was:
HB Global Ltd — up 3.5 sen at 20 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