KUALA LUMPUR (Aug 28): theedgemarkets.com highlighted nine stocks at Bursa Malaysia’s afternoon close today. One stock showed positive momentum while eight indicated negative momentum.
The stock with positive momentum was:
IQ Group Holdings Bhd - up 30 sen at 75 sen
Stocks with negative momentum were:
Chin Hin Group Property Bhd - up two sen at 41 sen
GETS Global Bhd - up 24.5 sen at 64 sen
iDimension Consolidated Bhd - up half a sen at 8.5 sen
Kia Lim Bhd - up four sen at 30.5 sen
Konsortium Transnasional Bhd (KTB) - up 6.5 sen at 17 sen
Nextgreen Global Bhd - up four sen at 43 sen
Sarawak Consolidated Industries Bhd (SCIB) - up eight sen at RM3.38
Subur Tiasa Holdings Bhd - up three sen at 64 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