Sedania, Adventa, Amcorp, Paragon Globe, Matrix Concepts, Fitters Diversified

Sedania, Adventa, Amcorp, Paragon Globe, Matrix Concepts, Fitters Diversified
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KUALA LUMPUR (May 21): theedgemarkets.com has highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close. Two stocks displayed positive momentum, while four stocks showed negative momentum.

The stocks with positive momentum:

Sedania Innovator Bhd — up 14 sen at 75 sen

Adventa Bhd — up 12 sen at RM2.51

The stocks with negative momentum:

Amcorp Properties Bhd — down half a sen at 86 sen

Paragon Globe Bhd — down half a sen at 80 sen

Matrix Concepts Holdings Bhd — down five sen at RM1.90

Fitters Diversified Bhd — unchanged at 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