KUALA LUMPUR (Aug 22): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. All stocks showed negative momentum.
The stocks with negative momentum were:
Jaks Resources Bhd – up 2.5 sen at 84.5 sen
K-Star Sports Ltd – up 1.5 sen at 11.5 sen
Mintye Bhd – unchanged at RM1.25
MMAG Holdings Bhd – up 0.5 sen at 25 sen
Naim Holdings Bhd – up 4 sen at RM1.13
Pecca Group Bhd – up 3 sen at RM1.28
Salutica Bhd – up 3.5 sen at 53.5 sen
Sealink International Bhd – unchanged at 31 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.