KUALA LUMPUR (Aug 29): theedgemalaysia.com highlighted 13 stocks with momentum during Bursa Malaysia’s afternoon session on Tuesday. Only one displayed positive momentum, while the other 12 indicated negative momentum.
The stock with positive momentum was:
- Kerjaya Prospek Group Bhd ― up three sen at RM1.24
The stocks with negative momentum were:
- Three-A Resources Bhd ― up two sen at 82.5 sen
- Harbour-Link Group Bhd ― up two sen at RM1.23
- Eastern & Oriental Bhd ― up 1.5 sen at 61 sen
- Sealink International Bhd ― up half a sen at 13 sen
- Gabungan AQRS Bhd ― up three sen at 37 sen
- Malton Bhd ― up one sen at 45.5 sen
- SKB Shutters Corp Bhd ― up half a sen at 35.5 sen
- Comintel Corp Bhd ― up 5.5 sen at 94.5 sen
- Favelle Favco Bhd ― up six sen at RM1.88
- Pesona Metro Holdings Bhd ― unchanged at 19 sen
- Mah Sing Group Bhd ― down one sen at 76 sen
- Pensonic Holdings Bhd ― down half a sen at 58 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