KUALA LUMPUR (Sept 21): theedgemarkets.com highlighted thirteen stocks at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while twelve showed negative momentum.
The stock with positive momentum was:
Olympia Industries Bhd – up 1 sen at 12 sen
Stocks with negative momentum were:
Metronic Global Bhd — up 0.5 sen at 8.5 sen
Matang Bhd — up 1 sen at 9.5 sen
Kretam Holdings Bhd — unchanged at 53 sen
Southern Acids (M) Bhd — unchanged at RM3.70
Sarawak Plantation Bhd — up 13 sen at RM2.10
Complete Logistics Services Bhd — up 0.5 sen at 24.5 sen
Innoprise Plantations Bhd — up 7 sen at RM1.15
Astral Asia Bhd – up 2.5 sen at 16.5 sen
KTG Bhd – up 4 sen at 35 sen
Nextgreen Global Bhd – up 1.5 sen at 46 sen
Majuperak Holdings Bhd – up 6 sen at 49 sen
Cepatwawasan Group Bhd – up 1 sen at 66.5 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.