KUALA LUMPUR (Aug 20): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's afternoon close today. Three stocks displayed positive momentum, while four showed negative momentum.
Stocks with positive momentum were:
KNM Group Bhd — up 1.5 sen at 23 sen
Sand Nisko Capital Bhd — up eight sen at RM1.44
TFP Solutions Bhd — unchanged at 21 sen
Stocks with negative momentum were:
Advance Information Marketing Bhd — down 3.5 sen at 77 sen
Computer Forms (Malaysia) Bhd — up 33 sen at RM1.44
IQ Group Holdings Bhd — up 12 sen at RM1.11
SKB Shutters Corp Bhd — up five sen at RM1.73
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 stock, 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