KUALA LUMPUR (Feb 25): theedgemarkets.com highlighted nine stocks at Bursa Malaysia’s afternoon market close today. One stock has positive momentum, while 8 stocks have negative momentum.
The stock with positive momentum was:
Petra Energy Bhd – up 30 sen to 72 sen
The stocks with negative momentum were:
TSR Capital Bhd – up a sen to 41 sen
Naim Holdings Bhd – up 18.5 sen to 93 sen
Pantech Group Holdings Bhd – up five sen to 59 sen
Dayang Enterprise Holdings Bhd – up 24.5 sen to RM1.04
Hock Kheng Stone Industries Bhd – up two sen to 55 sen
An Joo Resources Bhd – up 11 sen to RM1.60
Perdana Petroleum Bhd – up 3.5 sen to 32.5 sen
KKB Engineering Bhd – up five sen to RM1.17
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.