KUALA LUMPUR (April 10): theedgemarkets.com highlighted 15 stocks with momentum at Bursa Malaysia's noon market close today. Of this, 14 stocks displayed positive momentum while one stock showed negative momentum.
The stocks with positive momentum were:
G3 Global Bhd – up 1.5 sen to 79 sen
The stocks with negative momentum were:
Ajiya Bhd – up 1.5 sen to 57 sen
Asian Pac Holdings Bhd – up 2 sen to 14 sen
BIMB Holdings Bhd Bhd – unchanged at RM4.40
Bio Osmo Bhd – up 0.5 sen to 7 sen
Box-Pak (Malaysia) Bhd – unchanged at RM1.10
Chin Hin Group Bhd – up 0.5 sen to 79 sen
Damansara Realty Bhd – up 1.5 sen to 54 sen
FGV Holdings Bhd – up 5 sen to RM1.31
Hevaboard Bhd – up 2 sen to 68 sen
Jaycorp Bhd – down 0.5 sen to 98 sen
Karex Bhd – up 4 sen to 51 sen
Sterling Progress Bhd – up 1 sen to 20 sen
Turbo-Mech Bhd – up 2 sen to 81 sen
WCE Holdings Bhd – up 1.5 sen to 61.5 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.