KUALA LUMPUR (Sept 9): theedgemarkets.com
The stocks with positive momentum were:
IHH Healthcare Bhd — up 27 sen at RM6.67
Paos Holdings Bhd — up four sen at 51.5 sen
The stocks with negative momentum were:
Cepatwawasan Group Bhd — up one sen at 71.5 sen
CN Asia Corp Bhd — up two sen at 80.5 sen
Joe Holding Bhd — unchanged at five sen
KYM Holdings Bhd — up one sen at 58.5 sen
MHC Plantations Bhd — up two sen at 93.5 sen
Mulpha International Bhd — up one sen at RM2.50
Sungei Bagan Rubber Company (Malaya) Bhd — up 28 sen at RM3.99
Wong Engineering Corp Bhd — up six sen at RM2.05
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