KUALA LUMPUR (Aug 21): theedgemarkets.com highlighted 19 stocks at Bursa Malaysia’s afternoon close today. One stock showed positive momentum while 18 stocks indicated negative momentum.
Stock with positive momentum was:
Pan Malaysia Corp Bhd – up three sen at 17 sen
Stocks with negative momentum were:
AHB Holdings Bhd – up three sen at 20.5 sen
Ajiya Bhd – up 1.5 sen at 53.5 sen
Chin Hin Group Bhd – unchanged at 78.5 sen
Goodway Integrated Industries Bhd – up 6.5 sen at 29 sen
Golden Pharos Bhd – up 4.5 sen at 25 sen
Hock Heng Stone Industries Bhd – up one sen at 50 sen
Karex Bhd – up 19.5 sen at RM1.07
LBS Bina Group Bhd – up three sen at 45.5 sen
Mega First Corp Bhd – up 30 sen at RM7.34
Minda Global Bhd – unchanged at six sen
SLP Resources Bhd – up six sen at RM1.16
SMRT Holdings Bhd – up 3.5 sen at 15.5 sen
Solution Group Bhd – up 17.5 sen at 46.5 sen
Systech Bhd – up five sen at 27.5 sen
Thong Guan Industries Bhd – up 28 sen at RM5.43
Tri-Mode System (M) Bhd – up half a sen at 37 sen
United U-Li Corp Bhd – up 12.5 sen at 56.5 sen
Wegmans Holdings Bhd – up three sen at 28 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.