KUALA LUMPUR (Sep 3): theedgemarkets.com highlighted 13 stocks at Bursa Malaysia’s afternoon close today. Three of them indicated a positive momentum while 10 of them displayed negative.
Stocks with positive momentum were:
IQ Group Holdings Bhd – down two sen to RM1.03
Sasbadi Holdings Bhd – up 1.5 sen to 15.5 sen
T7 Global Bhd – down three sen to 52 sen
Stocks with negative momentum were:
Astino Bhd – down 0.5 sen to 57.5 sen
CME Group Bhd – unchanged at 13.5 sen
Dataprep Holdings Bhd – up two sen to 22.5 sen
Harn Len Corp Bhd – down one sen to 61 sen
Kumpulan Jetson Bhd – up two sen to 23 sen
Kumpulan Perangsang Selangor Bhd – up 3.5 sen to 73 sen
Media Prima Bhd – up two sen to 21 sen
MHC Plantations Bhd – up 1.5 sen to 60.5 sen
Malaysia Pacific Corp Bhd – up 0.5 sen to 14.5 sen
TH Plantations Bhd – up 2.5 sen to 40.5 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.