KUALA LUMPUR (Oct 5): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday.
Five stocks displayed negative momentum, while two showed positive momentum.
The stocks with negative momentum were:
Brahim's Holdings Bhd — up one sen at 37 sen
Hibiscus Petroleum Bhd — up three sen at 76 sen
Hwa Tai Industries Bhd — up 10 sen at 92 sen
Jaya Tiasa Holdings Bhd — up one sen at 65 sen
OKA Corp Bhd — up three sen at 88 sen
The stocks with positive momentum were:
PMB Technology Bhd — up RM1.04 at RM14.74
China Ouhua Winery Holdings Ltd — up one sen at nine 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com