KUALA LUMPUR (Aug 14): theedgemarkets.com highlighted six stocks at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while five stocks showed negative momentum.
The stock with positive momentum was:
TA Global Bhd – down half a sen at 26 sen
The stocks with negative momentum were:
Aemulus Holdings Bhd – down 7.5 sen at 66.5 sen
Asia Media Group Bhd – down half a sen at 9.5 sen
Mega Sun City Holdings Bhd – up two sen at 18.5 sen
SDS Group Bhd – unchanged at 30 sen
TFP Solutions Bhd – up one sen at 17.5 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.