KUALA LUMPUR (Aug 3): theedgemarkets.com highlighted 14 stocks at Bursa Malaysia’s afternoon close today. One stock showed positive momentum while 13 stocks displayed negative momentum.
Stock with positive momentum was:
Chin Hin Group Bhd - rose 7.5 sen at 72 sen
Stocks with negative momentum were:
AE Multi Holdings Bhd - rose 1.5 sen at 15 sen
Green Ocean Corp Bhd - rose three sen at 34 sen
HB Global Limited - rose 3.5 sen at 18.5 sen
Hexza Corp Bhd - rose eight sen at RM1.48
Iconic Worldwide Bhd - rose 16 sen at 53 sen
LKL International Bhd - rose 21.5 sen at RM1.09
Luxchem Corp Bhd - rose eight sen at 88.5 sen
ManagePay Systems Bhd - rose two sen at 15.5 sen
MTAG Group Bhd - rose 10.5 sen at 68.5 sen
NTPM Holdings Bhd - rose 10.5 sen at 69.5 sen
OceanCash Pacific Bhd - rose 22.5 sen at RM1.11
Tek Seng Holdings Bhd - rose 11.5 sen at 97.5 sen
Tomei Consolidated Bhd - rose 4.5 sen at 90.5 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.