KUALA LUMPUR (Aug 21): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. All eight stocks displayed negative momentum.
The stocks were:
CJ Century Logistics Holdings Bhd - up 1.5 sen at 75.5 sen
Edaran Bhd - up 8 sen at 81.5 sen
Focus Lumber Bhd - up 12 sen at RM1.52
Focus Point Holdings Bhd - up 2 sen at 22 sen
GUH Holdings Bhd - unchanged at 68 sen
Heng Huat Resources Group Bhd - up 1 sen at 22.5 sen
Kronologi Asia Bhd - up 4.5 sen at 80 sen
Y.S.P. Southeast Asia Holding Bhd - up 7 sen at RM3.04
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.