KUALA LUMPUR (Sept 2): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. Five stocks displayed negative momentum, while one displayed positive momentum.
The stocks with negative momentum were:
Ta Ann Holdings Bhd — down five sen at RM2.87
Khind Holdings Bhd — up seven sen at RM4.53
Ta Win Holdings Bhd — down half a sen at 16.5 sen
Ge-Shen Corp Bhd — down seven sen at RM2.11
Pensonic Holdings Bhd — down 2.5 sen at 73.5 sen
The stock with positive momentum was:
CN Asia Corp Bhd — up two sen at 68 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