KUALA LUMPUR (March 4): theedgemarkets.com has highlighted five stocks with momentum at Bursa Malaysia's afternoon close today. Three displayed positive momentum, while two displayed negative momentum.
The stock with positive momentum were:
Three-A Resources Berhad - down two sen at 83sen
Rubberex Corporation (M) Berhad – up one sen at 85sen
Thriven Global Berhad – up one sen at 28sen
The stock with negative momentum were:
Kanger International - down five 0.5sen at 12sen
Uni Wall APS Holdings Bhd - up five sen at RM1.35
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.