KUALA LUMPUR (Sept 21): theedgemalaysia.com highlighted one stock with positive momentum and six stocks with negative momentum during Bursa Malaysia's afternoon close on Monday (Sept 21).
The stock with positive momentum was:
- Sersol Bhd (KL:SERSOL) — up 1.5 sen or 37.50% to 55 sen
The stocks with negative momentum were:
- N2N Connect Bhd (KL:N2N) — up one sen or 3.08% to 33.5 sen
- Samaiden Group Bhd (KL:SAMAIDEN) — up 25 sen or 12.82% to RM2.20
- UUE Holdings Bhd (KL:UUE) — up five sen or 7.30% to 73.5 sen
- Northern Solar Holdings Bhd (NORTHERN) — up 6.5 sen or 9.42% to 75.5 sen
- Verdant Solar Holdings Bhd (KL:VERDANT) — up 1.5 sen or 7.32% to 22 sen
- PBA Holdings Bhd (KL:PBA) — up four sen or 1.85% to RM2.20
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