KGB, Turiya, Nylex, PMB Technology, CJ Century

KGB, Turiya, Nylex, PMB Technology, CJ Century
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KUALA LUMPUR (Sept 22): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close today. Four stocks displayed negative momentum, while one stock displayed positive momentum.

The stocks with negative momentum were:

Kelington Group Bhd — up eight sen at RM1.84

Turiya Bhd — up one sen at 32 sen

Nylex (Malaysia) Bhd — down 3.5 sen at 96.5 sen

PMB Technology Bhd — down six sen at RM11.80

The stock with positive momentum was:

CJ Century Logistics Holdings Bhd — down one sen at 54.5 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