KUALA LUMPUR (Sept 20): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's afternoon close on Tuesday (Sept 20).
Two stocks had positive momentum while five had negative momentum.
The stocks with positive momentum were:
Citaglobal Bhd — up 1.5 sen at 22 sen
Pan Malaysia Corp Bhd — up one sen at 17.5 sen
The stocks with negative momentum were:
Chin Hin Group Property Bhd (CHGP) — up two sen at RM1.04
CI Holdings Bhd — up one sen at RM3.03
CYL Corp Bhd — up 13.5 sen at 65 sen
EA Technique (M) Bhd — up 1.5 sen at 8.5 sen
RGB International Bhd — up one sen at 13 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