Lienhoe, ACME, Macpie, MMAG, Parlo, Tasco

KUALA LUMPUR (Sept 11): theedgemarkets.com highlighted six stocks at Bursa Malaysia’s afternoon close today. One stock showed positive momentum, while five stocks indicated negative momentum.

Stock with positive momentum was:

Lien Hoe Corp Bhd – down half a sen at 29 sen

Stocks with negative momentum were:

ACME Holdings Bhd – up 1.5 sen at 31 sen

Macpie Bhd – up 2.5 sen at 34.5 sen

MMAG Holdings Bhd – up nine sen at 83.5 sen

Parlo Bhd – unchanged at 34.5 sen

Tasco Bhd – up one sen at RM1.46

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.