KUALA LUMPUR (Aug 26): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia's afternoon close today. One stock displayed positive momentum, while seven showed negative momentum.
Stock with positive momentum was:
Insas Bhd — up two sen at RM1.05
Stocks with negative momentum were:
D'nonce Technology Bhd — down 0.5 sen at 60.5 sen
HCK Capital Group Bhd — up one sen at RM1.84
icapital.biz Bhd — up one sen at RM2.03
SAM Engineering & Equipment (M) Bhd — down RM1.84 at RM14.28
Scope Industries Bhd — down two sen at 34.5 sen
Uchi Technologies Bhd — up six sen at RM3.22
Wong Engineering Corp Bhd — up 17 sen at RM1.81
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