KUALA LUMPUR (Aug 25): theedgemarkets.com highlighted one stock with positive momentum and nine stocks with negative momentum at Bursa Malaysia's afternoon close on Friday (Aug 25).
The stock with positive momentum was:
- Eco World International Bhd — up six sen or 9.38% at 70 sen
The stocks with negative momentum were:
- IJM Corp Bhd — up six sen or 3.66% at RM1.70
- UMW Holdings Bhd — up 15 sen or 3.25% at RM4.77
- KSL Holdings Bhd — up 6.5 sen or 7.26% at 96 sen
- Dayang Enterprise Holdings Bhd — up six sen or 3.82% at RM1.63
- Boustead Plantations Bhd — up 13 sen or 9.49% at RM1.50
- Suria Capital Holdings Bhd — down one sen or 0.66% at RM1.50
- Seacera Group Bhd — up two sen or 7.41% at 29 sen
- Boustead Heavy Industries Corp Bhd — up 4.5 sen or 9.68% at 51 sen
- Teo Guan Lee Corp Bhd — up four sen or 3.45% at RM1.20
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