KUALA LUMPUR (Oct 8): theedgemarkets.com highlighted ten stocks at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while the remaining nine indicated negative momentum.
The stock with positive momentum was:
Prolexus Bhd – down seven sen to RM1.55
The stocks with negative momentum were:
Computer Forms (M) Bhd – up three sen to RM1.25
DPI Holdings Bhd – up 0.5 sen to 28 sen
Latitude Tree Holdings Bhd – up 12 sen to RM2.55
MESB Bhd – up three sen to 36 sen
Metronic Global Bhd – down 0.5 sen to 9.5 sen
Ornapaper Bhd – up three sen to RM1.21
PCCS Group Bhd – unchanged at 50 sen
PJBumi Bhd – up 1.5 sen to 20 sen
Poh Huat Resources Holdings Bhd – up five sen to RM1.82
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