KUALA LUMPUR (Sept 4): theedgemalaysia.com highlighted one stock with positive momentum and 12 stocks with negative momentum at Bursa Malaysia's afternoon close on Monday (Sept 4).
The stock with positive momentum was:
- Wellcall Holdings Bhd — up five sen or 3.57% to RM1.45
The stocks with negative momentum were:
- Melewar Industrial Group Bhd — unchanged at 29 sen
- Malayan United Industries Bhd (MUI) — unchanged at six sen
- TRC Synergy Bhd — up 1.5 sen or 3.85% to 40.5 sen
- Plenitude Bhd — up two sen or 1.72% to RM1.18
- Syarikat Takaful Malaysia Keluarga Bhd (Takaful Malaysia) — up four sen or 1.06% to RM3.80
- Khee San Bhd — up two sen or 13.33% to 17 sen
- Crescendo Corp Bhd — down two sen or 1.38% to RM1.43
- KUB Malaysia Bhd — up three sen or 5.50% to 57.5 sen
- Lii Hen Industries Bhd — down 1.5 sen or 1.71% to 86 sen
- SKB Shutters Corp Bhd — up 10.5 sen or 25% to 52.5 sen
- OKA Corp Bhd — up 2.5 sen or 3.68% to 70.5 sen
- LOTUS KFM Bhd — up 0.5 sen or 1.69% to 30 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