KUALA LUMPUR (Aug 24): theedgemalaysia.com highlighted 11 stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday (Aug 24).
The stocks were:
- Aurelius Technologies Bhd — up 27 sen or 10.76% to RM2.78
- Avaland Bhd — up one sen or 4.35% to 24 sen
- Binasat Communications Bhd — up three sen or 9.52% to 34.5 sen
- CWG Holdings Bhd — down 1.5 sen or 4.05% to 35.5 sen
- Eurospan Holdings Bhd — up a sen or 0.73% to RM1.38
- MBM Resources Bhd — up eight sen or 2.17% to RM3.77
- Pensonic Holdings Bhd — up two sen or 4.4% to 47.5 sen
- PRG Holdings Bhd — up 2.5 sen or 10.87% to 25.5 sen
- Ramssol Group Bhd — down two sen or 4.55% to 42 sen
- Systech Bhd — down 1.5 sen or 3.85% to 37.5 sen
- UOA Development Bhd — up six sen or 3.47% to RM1.79
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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