KUALA LUMPUR (Sept 21): theedgemarkets.com highlighted eight stocks at Bursa Malaysia's afternoon close on Wednesday (Sept 21).
Five stocks had positive momentum and three had negative momentum.
The stocks with positive momentum were:
- CYL Corporation Bhd — up 1.5 sen or 2.36% at 65 sen
- EA Technique (M) Bhd — down five sen or 6.25% at 7.5 sen
- EonMetall Group Bhd — down three sen or 4.38% at 71.5 sen
- Shin Yang Shipping Corp Bhd — up 1.5 sen or 2% at 76.5 sen
- Thong Guan Industries Bhd — down one sen or 0.37% at RM2.71
The stocks with negative momentum were:
- CRG Incorporated Bhd — up 2.5 sen or 12.2% at 23 sen
- Jerasia Capital Bhd — unchanged at 3.5 sen
- Pelikan International Corp Bhd — unchanged at 26.5 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