KUALA LUMPUR (Aug 23): theedgemalaysia.com highlighted two stocks with positive momentum and eleven stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday (Aug 23).
The stocks with positive momentum were:
- Perdana Petroleum Bhd — up 2.5 sen or 13.51% to 21 sen
- Teo Seng Capital Bhd — up two sen or 1.85% to RM1.10
The stocks with negative momentum were:
- Agmo Holdings Bhd — up 1.5 sen or 2.48% to 62 sen
- CSC Steel Holdings Bhd — up three sen or 2.54% to RM1.21
- CWG Holdings Bhd — up a sen or 2.78% to 37 sen
- Eduspec Holdings Bhd — up half a sen or 14.29% to four sen
- M&A Equity Holdings Bhd — up 1.5 sen or 5% to 31.5 sen
- OpenSys (M) Bhd — up half a sen or 1.39% to 36.5 sen
- Parkson Holdings Bhd — up 3.5 sen or 10.94% to 35.5 sen
- PRIVASIA Technology Bhd — up a sen or 10% to 11 sen
- Priceworth International Bhd — unchanged at 16 sen
- Ramssol Group Bhd — up three sen or 7.41% to 43.5 sen
- Rexit Bhd — up three sen or 3.85% to 81 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