KUALA LUMPUR (March 11): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia's noon market close today. One stock displayed positive momentum while all seven others showed negative momentum.
The stock with positive momentum was:
WTK Holdings Bhd – up 4 sen at 62.5 sen
The stocks with negative momentum were:
Alam Maritim Resources Bhd -- unchanged at 11.5 sen
GPA Holdings Bhd -- down 1 sen at 10.5 sen
Malaysia Steel Works (KL) Bhd -- up 3 sen at 52.5 sen
PCCS Group Bhd -- up 3.5 sen at 33 sen
Prestar Resources Bhd -- up 2 sen at 73.5 sen
Scope Industries Bhd -- up 1.5 sen at 18.5 sen
VSolar Group Bhd -- up 0.5 sen at 21 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.