Heng Huat, CTOS, APB, KTC, OCK, Optimax

Heng Huat, CTOS, APB, KTC, OCK, Optimax
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KUALA LUMPUR (Sept 12): theedgemarkets.com highlighted six stocks at Bursa Malaysia's afternoon close on Monday (Sept 12).

One stock had positive momentum, and five had negative momentum.

The stock with positive momentum was:

  • Heng Huat Resources Group Bhd — up two sen at 40.5 sen

The stocks with negative momentum were:

  • APB Resources Bhd — up three sen at RM1.21
  • CTOS Digital Bhd — up one sen at RM1.47  
  • Kim Teck Cheong Consolidated Bhd (KTC) — up half a sen at 18 sen
  • OCK Group Bhd — up 1.5 sen at 45 sen
  • Optimax Holdings Bhd — up three sen at 75.5 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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com