KUALA LUMPUR (Oct 18): theedgemarkets.com highlighted five stocks at Bursa Malaysia's afternoon close on Tuesday (Oct 18).
One showed positive momentum while four displayed negative momentum.
Stock with positive momentum:
- Amtel Holdings Bhd — unchanged at 84 sen
Stocks with negative momentum:
- Econframe Bhd — up 2.5 sen at 67 sen
- Hiap Huat Holdings Bhd — up 0.5 sen at 16.5 sen
- PGF Capital Bhd — up two sen at RM1.27
- 7-Eleven Malaysia Holdings Bhd — up two sen at RM1.72
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