KUALA LUMPUR (Aug 17): theedgemarkets.com highlighted seven stocks at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum while five indicated negative momentum.
Stocks with positive momentum were:
GETS Global Bhd — up one sen at 12 sen
MRCB-Quill REIT (MQREIT) — up two sen at 77.5 sen
Stocks with negative momentum were:
AbleGroup Bhd — up 1.5 sen at 10.5 sen
Focus Lumber Bhd — up five sen at RM1.07
Mega Sun City Holdings Bhd — up two sen at 21 sen
TFP Solutions Bhd — down half a sen at 21.5 sen
Toyo Ink Group Bhd — down three sen at 83 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.