KUALA LUMPUR (Sept 22): theedgemalaysia.com highlighted no stocks with positive momentum and eight stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.
The stocks with negative momentum were:
Inta Bina Group Bhd (KL:INTA) — up two sen or 5.13% to 41 sen
Powerwell Holdings Bhd (KL:PWRWELL) — unchanged at RM1.16
Jati Tinggi Group Bhd (KL:JTGROUP) — up nine sen or 8.6% to RM1.14
Northern Solar Holdings Bhd (KL:NORTHERN) — up 14.5 sen or 19% to 91 sen
Verdant Solar Holdings Bhd (KL:VERDANT) — up one sen or 4.4% to 23.5 sen
Ewi Capital Bhd (KL:EWICAP) — unchanged at 19.5 sen
D&O Green Technologies Bhd (KL:D&O) — up one and a half sen or 33.3% to 6 sen
Superlon Holdings Bhd (KL:SUPERLN) — up three and a half sen or 4.1% to 90 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