KUALA LUMPUR (March 13): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close on Monday (March 13). Two stocks displayed positive momentum, while the other five indicated negative momentum.
The stocks with positive momentum were:
- Southern Score Builders Bhd ― down 0.5 sen at 22.5 sen
- AirAsia X Bhd ― unchanged at RM1.19
The stocks with negative momentum were:
- Willowglen MSC Bhd ― down 0.5 sen at 39.5 sen
- Capital A Bhd ― down three sen at 78 sen
- Atrium Real Estate Investment Trust ― unchanged at RM1.38
- Crescendo Corp Bhd ― down four sen at RM1.15
- YTL Power International Bhd ― up 1.5 sen at 87 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com