[ad_1]
KUALA LUMPUR (Sept 7): theedgmarkets.com has highlighted 11 stocks with momentum in Bursa Malaysia’s midday break today. One stock showed positive momentum, and the remaining 10 showed negative momentum.
The action with positive momentum was:
Dancomech Holdings Bhd: up half a sen by 61 sen
Stocks with negative momentum were:
Scope Industries Bhd – up to two sen in 19 sen
Inta Bina Group Bhd: up to 4.5 sen in 31 sen
Wegmans Holdings Bhd: up two sen to 35.5 sen
Spring Art Holdings Bhd: Up two sen to 26.5 sen
Heveaboard Bhd: up 1.5 sen to 48.5 sen
Malaysia Pacific Corp Bhd: up one sen to 16.5 sen
SYF Resources Bhd: up to 4.5 sen in 23 sen
Poh Huat Resources Bhd: up to 11 sen at RM1.47
Jaycorp Bhd: up to five sen at RM1.07
Kumpulan Jetson Bhd: half sen up to 22.5 sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm that highlights stocks with an accumulation in trading volume and price. The algorithm differentiates between stocks that exhibit a positive momentum (+ ve) and a negative momentum (-ve).
This list is not a buy or sell recommendation. It simply tells you which stocks are experiencing higher than normal volume and price movements.
The share price can go up or down from this point. But the indicators “+ ve” (suggesting an upward trend in price in volume) and “-ve” (suggesting a downward trend in price in volume) should give readers a better idea of what the market is buying and when to sell. Also note that the urge generally only persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers assess the attractiveness of the stocks, if they want to build on the momentum.
[ad_2]
