KUALA LUMPUR (Aug 27): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon close today. Three stocks displayed positive momentum, while three showed negative momentum.
Stocks with positive momentum were:
Innoprise Plantations Bhd — up five sen at RM1.27
Kobay Technology Bhd — up 24 sen at RM5.44
TFP Solutions Bhd — up one sen at 23 sen
Stocks with negative momentum were:
IHH Healthcare Bhd — up 49 sen at RM6.33
IQ Group Holdings Bhd — up 10 sen at RM1.15
Tambun Indah Land Bhd — up 1.5 sen at 69.5 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com