Karambunai, Kuchai Development, Borneo Aqua, Euro, Ideal United Bintang, Incken, N2N

 Karambunai, Kuchai Development, Borneo Aqua, Euro, Ideal United Bintang, Incken, N2N
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KUALA LUMPUR (Feb 27): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and five with negative momentum.

Stocks with positive momentum were:

Karambunai Corp Bhd – up 1.5 sen at 8.5 sen

Kuchai Development Bhd – up 1 sen at RM2.75

Stocks with negative momentum were:

Borneo Aqua Harvest Bhd – up 4.5 sen at RM1.01

Euro Holdings Bhd – down 0.5 sen at 31 sen

Ideal United Bintang International Bhd – up 0.5 sen at 71 sen

Inch Kenneth Kajang Rubber Public Ltd Co – up 1.5 sen at 75.5 sen

N2N Connect Bhd – down 2.5 sen at 97 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