KUALA LUMPUR (Sept 3): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. All eight stocks displayed negative momentum.
The stocks with negative momentum were:
Hong Seng Consolidated Bhd — unchanged at RM1.90
iDimension Consolidated Bhd — down half a sen at 11 sen
Bioalpha Holdings Bhd — up one sen at 23.5 sen
DKSH Holdings (Malaysia) Bhd — up 22 sen at RM4.68
Cocoaland Holdings Bhd — up two sen at RM1.96
Ewein Bhd — up half a sen at 41 sen
Harn Len Corp Bhd — up 17 sen at RM1.39
CN Asia Corp Bhd — up two sen at 70 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.