KUALA LUMPUR (Sep 4): theedgemarkets.com highlighted 11 stocks at Bursa Malaysia’s afternoon close today. Two indicated positive momentum, while nine indicated negative momentum.
Stocks with positive momentum were:
Idimension Consolidated Bhd - up 3.5 sen to 11.5 sen
Hiap Teck Venture Bhd - up 2.5 sen to 25 sen
Stocks with negative momentum were:
Parlo Bhd - up four sen to 42 sen
Technodex Bhd - up 1.5 sen to 15.5 sen
Macpie Bhd - up 4.5 sen to 55 sen
Sunzen biotech Bhd - up 1.5 sen to 21.5 sen
Zelan Bhd - up two sen to 14.5 sen
Turiya Bhd - up 1.5 sen to 33 sen
Sentoria Group Bhd - up three sen to 15 sen
Kumpulan Perangasang Selangor Bhd - up six sen to 85 sen
Malaysia Pacific Corp Bhd - up 4.5 sen to 20.5 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.