KUALA LUMPUR (Sept 8): theedgmarkets.com has highlighted 16 stocks with momentum at Bursa Malaysia’s noon break today. Two stocks displayed positive momentum, while 14 stocks showed negative momentum.
The stocks with positive momentum were:
Evergreen Fibreboard Bhd – up 8.5 sen at 34.5 sen
Malton Bhd – up five sen at 45.5 sen
The stocks with negative momentum were:
BSL Corp Bhd – up two sen at 26.5 sen
Emico Holdings Bhd – up 1.5 sen at 29 sen
Heveaboard Bhd – up four sen at 52.5 sen
Homeritz Corp Bhd – up 2.5 sen at 78 sen
Ipmuda Bhd – up 18.5 sen at 78 sen
Jaycorp Bhd – up eight sen at RM1.15
Latitude Tree Holdings Bhd – down 24 sen at RM2.49
Lii Hen Industries Bhd – up 14 sen at RM3.35
Macpie Bhd – up one sen at 25 sen
Mieco Chipboard Bhd – up 6.5 sen at 40.5 sen
MMIS Bhd – up two sen at 26 sen
Nova MSC Bhd – up one sen at 12 sen
NWP Holdings Bhd – up five sen at 21.5 sen
TSR Capital Bhd – down one sen at 35 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