KUALA LUMPUR (Sept 17): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia's afternoon close today. Six stocks displayed negative momentum, while two stocks displayed positive momentum.
The stocks with negative momentum were:
Dagang NeXchange Bhd (DNeX) — up four sen at 80 sen
IQ Group Holdings Bhd — up 10 sen at RM2.08
Subur Tiasa Holdings Bhd — up 17 sen at 87 sen
PJBumi Bhd — up five sen at 49.5 sen
Scanwolf Corp Bhd — up 4.5 sen at 58.5 sen
Daibochi Bhd — up one sen at RM2.70
The stocks with positive momentum were:
Quality Concrete Holdings Bhd — up nine sen at RM1.63
Emico Holdings Bhd — up 13 sen at 65.5 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