Shin Yang Shipping, Pasdec, Straits Energy, Hiap Huat, SDS, Gas Malaysia

Shin Yang Shipping, Pasdec, Straits Energy, Hiap Huat, SDS, Gas Malaysia
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KUALA LUMPUR (Aug 30): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday (Aug 30). Only two stocks displayed positive momentum, while the other four indicated negative momentum.

The stocks with positive momentum were:

Shin Yang Shipping Corp Bhd — up five sen at 52 sen

Pasdec Holdings Bhd — up 4.5 sen at 39 sen

The stocks with negative momentum were:

Straits Energy Resources Bhd — up one sen at 13.5 sen

Hiap Huat Holdings Bhd — up half a sen at 15 sen

SDS Group Bhd — up 2.5 sen at 51.5 sen

Gas Malaysia Bhd — up five sen at RM3.45

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