KUALA LUMPUR (Sept 18): theedgemarkets.com highlighted eight stocks at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while seven showed negative momentum.
The stock with positive momentum was:
Jaya Tiasa Holdings Bhd — up 10 sen at 80.5 sen
Stocks with negative momentum were:
AbleGroup Bhd — up two sen at 16.5 sen
Boustead Plantations Bhd — up 4.5 sen at 53.5 sen
Diversified Gateway Solutions Bhd — up one sen at 18 sen
Macpie Bhd — up four sen at 51.5 sen
Nationwide Express Holdings Bhd — up 3.5 sen at 15.5 sen
Scope Industries Bhd — up three sen at 23 sen
TH Plantations Bhd — up 4.5 sen at 50 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