KUALA LUMPUR (Sept 14): theedgemarkets.com
The stocks with negative momentum were:
Hextar Global Bhd — up five sen at RM1.31
Tiong Nam Logistics Holdings Bhd — up 2.5 sen at 90 sen
Three-A Resources Bhd — up five sen at RM1.01
Damansara Holdings Bhd — up eight sen at 48 sen
IQ Group Holdings Bhd — up nine sen at RM2.09
SMIS Corp Bhd — up 10 sen at 85 sen
Woodlandor Holdings Bhd — up four sen at 84 sen
Y&G Corp Bhd — up 22 sen at RM1.65
The stock with positive momentum was:
Kein Hing International Bhd — up 15.5 sen at RM1.09
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