KUALA LUMPUR (Aug 26): theedgemarkets.com highlighted 14 stocks at Bursa Malaysia’s afternoon close today. One stock showed positive momentum while 13 indicated negative momentum.
The stock with positive momentum was:
Konsortium Transnasional Bhd — up 12 sen at 17 sen
Stocks with negative momentum were:
ATA IMS Bhd — up 18 sen at RM1.53
CME Group Bhd — up 2.5 sen at 12 sen
D’Nonce Technology Bhd — up 4.5 sen at 57.5 sen
Dolomite Corp Bhd — up two sen at 13.5 sen
Dynaciate Group Bhd — up one sen at 9.5 sen
Eastland Equity Bhd — up half a sen at 12 sen
Gets Global Bhd — up 26 sen at 49.5 sen
Mega Sun City Holdings Bhd — unchanged at 20.5 sen
MGB Bhd — down two sen at 85 sen
Pan Malaysia Holdings Bhd — up 1.5 sen at 33 sen
Seal Incorporated Bhd — down 1.5 sen at 35.5 sen
Sersol Bhd — up two sen at 29.5 sen
Systech Bhd — up 6.5 sen at 34 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.
Edited by Lam Jian Wyn