KUALA LUMPUR (Aug 25): theedgemarkets.com highlighted 11 stocks at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while 10 showed negative momentum.
The stock with positive momentum was:
M3 Technologies Asia Bhd — up 1.5 sen at 16.5 sen
Stocks with negative momentum were:
B.I.G. Industries Bhd — up four sen at 57 sen
Bintai Kinden Corp Bhd — up 25.5 sen at 66 sen
Duopharma Biotech Bhd — up 71 sen at RM4.09
Grand-Flo Bhd — up 3.5 sen at 31 sen
Ho Wah Genting Bhd — up 12 sen at RM1.23
LebTech Bhd — up one sen at RM1.22
Pharmaniaga Bhd — up RM1.11 at RM6.38
Rev Asia Bhd — up 3.5 sen at 29 sen
Solution Group Bhd — up 18 sen at 81 sen
WMG Holdings Bhd — up 2.5 sen at 16 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