KUALA LUMPUR (Aug 18): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum, while four showed negative momentum.
Stocks with positive momentum were:
China Ouhua Winery Holdings Ltd – unchanged at 6.5 sen
Scanwolf Corp Bhd – down 1.5 sen at 48.5 sen
Stocks with negative momentum were:
Advance Information Marketing Bhd – up 15.5 sen at 82.5 sen
Advance Synergy Bhd – down 3.5 sen at 19 sen
Avillion Bhd – unchanged at 20 sen
Hextar Global Bhd – up five sen at RM1.35
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.