KUALA LUMPUR (Aug 4): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close today. Four stocks displayed negative momentum, while three showed positive momentum.
The stocks with negative momentum were:
Esthetics International Group Bhd — up one sen at 51 sen
Fibon Bhd — unchanged at 59 sen
TAFI Industries Bhd — up 10 sen at RM1.87
HCK Capital Group Bhd — up two sen at RM1.80
The stocks with positive momentum were:
GUH Holdings Bhd — unchanged at 54 sen
Poly Glass Fibre (M) Bhd — up one sen at 84 sen
SEAL Incorporated Bhd — up three sen at 42 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.