KUALA LUMPUR (Sept 1): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close today. Eight stocks displayed negative momentum, while one displayed positive momentum.
The stocks with negative momentum were:
Mulpha International Bhd — up eight sen at RM2.34
Harrisons Holdings (Malaysia) Bhd — up 58 sen at RM5.08
Ta Ann Holdings Bhd — up 12 sen at RM2.88
Only World Group Holdings Bhd (OWG) — up half a sen at 52.5 sen
Malaysia Smelting Corp Bhd (MSC) — up five sen at RM2.42
Khind Holdings Bhd — up 81 sen at RM4.77
PMB Technology Bhd — up seven sen at RM6
Pensonic Holdings Bhd — up 4.5 sen at 76 sen
The stock with positive momentum was:
TH Plantations Bhd — up 6.5 sen at 59.5 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.