KUALA LUMPUR (Sept 9): theedgemarkets.com has highlighted nine stocks with momentum at Bursa Malaysia’s noon break today. Four stocks displayed positive momentum, while five stocks showed negative momentum.
The stocks with positive momentum were:
Gets Global Bhd – rose 26.5 sen at 93 sen
Macpie Bhd – rose three sen at 32 sen
NextGreen Global Bhd – rose 2.5 sen at 44 sen
South Malaysia Industries Bhd – rose 3.5 sen at 21 sen
The stocks with negative momentum were:
AbleGroup Bhd – rose two sen at 14.5 sen
AE Multi Holdings Bhd – rose 1.5 sen at 20 sen
Chin Hin Group Bhd – unchanged at RM1.37
Inta Bina Group Bhd – rose 1.5 sen at 33 sen
Vizione Holdings Bhd – rose three sen at 49.5 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.