KUALA LUMPUR (Sept 22): theedgemarkets.com highlighted nine stocks at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum while seven indicated negative momentum.
The stocks with positive momentum were:
Bintai Kinden Corp Bhd — up 9.5 sen at 73 sen
MCE Holdings Bhd — up one sen at RM1.22
The stocks with negative momentum were:
Diversified Gateway Solutions Bhd — up one sen at 18.5 sen
iDimension Consolidated Bhd — up half a sen at 9.5 sen
Kanger International Bhd — up 2.5 sen at 31 sen
MMAG Holdings Bhd — up one sen at RM1.64
Solution Group Bhd — up 4.5 sen at 68.5 sen
Superlon Holdings Bhd — up seven sen at 83.5 sen
KTG Bhd — down 2.5 sen at 35 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