KUALA LUMPUR (Sept 6): theedgemarkets.com highlighted six stocks at Bursa Malaysia’s afternoon close today. Three stocks indicated negative momentum, while three stock indicated positive momentum.
The stocks with negative momentum were:
Emico Holdings Bhd — up 9.5 sen to 46.5 sen
Ge-Shen Corp Bhd — up 14 sen at RM2.18
IQ Group Holdings Bhd — up 34 sen at RM1.76
The stocks with positive momentum were:
CN Asia Corp Bhd — up 5.5 sen at 77 sen
Kumpulan H & L High-Tech Bhd — down four sen at RM2.06
Ni Hsin Group Bhd — up 1.5 sen at 18.5 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.