KUALA LUMPUR (Jan 4): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia's noon market close today. Two stocks displayed positive momentum while the other two stocks showed negative momentum.
The stocks with positive momentum were:
Carimin Petroleum Bhd – up 4 sen at 54 sen
Inix Technologies Holdings Bhd – down 0.5 sen at 10.5 sen
The stocks with negative momentum were:
Ahmad Zaki Resources Bhd (AZRB) – up 1 sen at 34 sen
Red Sena Bhd – unchanged at 50.5 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.