KUALA LUMPUR (Oct 25): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. Two showed positive momentum and seven showed negative momentum.
The stocks with positive momentum are:
Hibiscus Petroleum Bhd — up 1.5 sen at 31.5 sen
Homeritz Corp Bhd — up three sen at 96.5 sen
The stocks with negative momentum are:
TPC Plus Bhd — up three sen at 51 sen
Century Logistics Holdings Bhd — up 3.5 sen at 97.5 sen
Rimbunan Sawit Bhd — up half sen at 52 sen
I-Bhd — up 1.5 sen at 62.5 sen
Keck Seng (Malaysia) Bhd — up two sen at 46.5 sen
Nylex (Malaysia) Bhd — up 1.5 sen at 73 sen
Euro Holdings Bhd — flat at 24 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.