Bina Darulaman, MSM, Central Global, DNeX, Eco World International, Hua Yang

Bina Darulaman, MSM, Central Global, DNeX, Eco World International, Hua Yang
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KUALA LUMPUR (March 10): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon market break today. Two stocks displayed positive momentum, while four stocks indicated negative momentum.

The stocks with positive momentum were: 

Bina Darulaman Bhd — up four sen at 42.5 sen 

MSM Malaysia Holdings Bhd — up 10 sen at RM1.96

The stocks with negative momentum were: 

Central Global Bhd — up eight sen at RM1.47

Dagang NeXchange Bhd (DNeX) — up 16 sen at 89 sen 

Eco World International Bhd — up 1.5 sen at 52.5 sen 

Hua Yang Bhd — up five sen at 35.5 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 prices 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.

However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com