KUALA LUMPUR (Sept 11): theedgemalaysia.com highlighted seven stocks at Bursa Malaysia’s noon break on Monday.
One stock showed positive momentum, while six stocks had negative momentum.
The stock with positive momentum was:
- KNM Group Bhd — down 4.17% or half a sen to 11.5 sen
The stocks with negative momentum were:
- Powerwell Holdings Bhd — down 3.70% or one sen to 26 sen
- United U-Li Corp Bhd — up 4.23% or six sen to RM1.42
- Evergreen Fibreboard Bhd — unchanged at 33.5 sen
- XOX Technology Bhd — unchanged at five sen
- Parlo Bhd — unchanged at 13 sen
- Sealink International Bhd — down 2.63% or half a sen to 19 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