KUALA LUMPUR (Aug 19): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's afternoon close on Friday (Aug 19). Three stocks indicated negative momentum, while two stocks had positive momentum.
The stocks with negative momentum were:
Apex Healthcare Bhd — up two sen at RM3.30
Classic Scenic Bhd — up 4.5 sen at 99 sen
PCCS Group Bhd — up four sen at 66.5 sen
The stocks with positive momentum were:
Kawan Food Bhd — up 10 sen to RM2.10
MMS Ventures Bhd — up 16 sen at 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.