KUALA LUMPUR (Aug 24): theedgemarkets.com highlighted 20 stocks at Bursa Malaysia’s afternoon close today. Two stocks showed positive momentum while 18 indicated negative momentum.
Stocks with positive momentum were:
YBS International Bhd — up three sen at 19 sen
MMAG Holdings Bhd — up 7.5 sen at 48 sen
Stocks with negative momentum included:
IFCA MSC Bhd — up 2.5 sen at 49.5 sen
Rev Asia Bhd — up two sen at 26.5 sen
Tri-Mode System (M) Bhd — up four sen at 40 sen
GETS Global Bhd — up 5.5 sen at 25 sen
BP Plastics Holding Bhd — up two sen at RM1.70
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.