KUALA LUMPUR (April 2): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's noon market close today. One stock displayed positive momentum while five stocks showed negative momentum.
The stock with positive momentum was:
BIMB Holdings Bhd - up 1 sen at RM4.42
The stocks with negative momentum were:
E.A. Technique (M) Bhd - up 1 sen at 49.5 sen
GETS Global Bhd - down 0.5 sen at 34.5 sen
GPA Holdings Bhd - unchanged at 10.5 sen
Konsortium Transnasional Bhd - down 2 sen at 15.5 sen
Talam Transform Bhd - up 1 sen at 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.