KUALA LUMPUR (Aug 12): theedgemarkets.com highlighted 10 stocks at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while nine stocks showed negative momentum.
Stock with positive momentum was:
Duopharma Biotech Bhd – rose 12 sen at RM3.25
Stocks with negative momentum were:
Compugates Holdings Bhd – fell half a sen at 3.5 sen
Focus Lumber Bhd – rose 4.5 sen at 92 sen
I-Stone Group Bhd – fell 1.5 sen at 29.5 sen
Kanger International Bhd – fell two sen at 27 sen
Kenanga Investment Bank Bhd – fell three sen at 83.5 sen
MLabs Systems Bhd – fell half a sen at seven sen
Seacera Group Bhd – rose two sen at 31 sen
Turiya Bhd – rose one sen at 15 sen
Wegmans Holdings Bhd – rose 3.5 sen at 27 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.