Tuesday 23 Jul 2024
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KUALA LUMPUR (Aug 19): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close today. Four stocks displayed positive momentum, while one showed negative momentum.

Stocks with positive momentum were:

Advance Synergy Bhd – up 2.5 sen at 17 sen.

Harn Len Corp Bhd – up 11 sen at RM1.19

TAFI Industries Bhd – down nine sen at RM2.23

Wong Engineering Corp Bhd – up eight sen at RM1.64

Stock with negative momentum was:

D'nonce Technology Bhd – up 0.5 sen at 59.5 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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com

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