KUALA LUMPUR (Sept 10): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close today. All seven stocks displayed negative momentum.
The stocks were:
iDimension Consolidated Bhd — up one sen at 13 sen
Eversafe Rubber Bhd — up 1.5 sen at 36.5 sen
Kluang Rubber Company (Malaya) Bhd — down 34 sen at RM4.13
IQ Group Holdings Bhd — up 27 sen at RM2.04
Y&G Corp Bhd — up 32 sen at RM1.75
SKB Shutters Corp Bhd — down three sen at RM1.96
Impiana Hotels Bhd — unchanged at 9.5 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.