KUALA LUMPUR (Nov 15): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's noon market close today. Three stocks displayed positive momentum while the other three stocks showed negative momentum.
The stocks with positive momentum were:
ATA IMS Bhd – up 5 sen at RM1.70
Sanbumi Holdings Bhd – up 3.5 sen at 34 sen
Tatt Giap Group Bhd – up 0.5 sen at 22 sen
The stocks with negative momentum were:
Elk-desa Resources Bhd – up 4 sen at RM1.25
Permaju Industries Bhd – unchanged at 38 sen
Poh Huat Resources Holdings Bhd – up 5 sen at RM1.52
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.