Guan Chong, CMMT, Serba Dinamik, Excel Force, Maybulk, PRG

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KUALA LUMPUR (Sept 17): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon close today. Three stocks had positive momentum while another three showed negative momentum.

Stocks with positive momentum were:

Guan Chong Bhd - up 16 sen at RM4.13

CapitaLand Malaysia Mall Trust (CMMT) - unchanged at RM1.05

Serba Dinamik Holdings Bhd - up one sen at RM4.38

Stocks with negative momentum were:

Excel Force MSC Bhd - up 3.5 sen at 68.5 sen

Malaysian Bulk Carriers Bhd (Maybulk) - up two sen at 75.5 sen

PRG Holdings Bhd - up three sen at 91 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