KUALA LUMPUR (Feb 21): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. All 17 stocks displayed negative momentum.
The stocks with negative momentum were:
Bio Osmo Bhd — up half sen or 7.69% at 7 sen
Brite-Tech Bhd — up 2 sen or 7.55% at 28.5 sen
CAM Resources Bhd — down 3.5 sen or 12.5% at 24.5 sen
Dayang Enterprise Holdings Bhd — down 1.5 sen or 1.74% at 84.5 sen
Dolphin International Bhd — unchanged at 15.5 sen
Ekovest Bhd — up 3 sen or 5.31% at 59.5 sen
Fajarbaru Builder Group Bhd — up 2 sen or 5% at 42 sen
Favell Favco Bhd — up 2 sen or 0.78% to RM2.57
Gadang Holdings Bhd — up 3 sen or 4.88% to 64.5 sen
Hengyuan Refining Co Bhd — up 19 sen or 3.36% at RM5.85
Ho Hup Construction Bhd — up 1.5 sen or 4.29% at 36.5 sen
Malton Bhd — up 2 sen or 3.81% at 54.5 sen
Mitrajaya Holdings Bhd — up 1.5 sen or 4.62% at 34 sen
New Hong Fatt Holdings Bhd — up 2 sen or 0.71% at RM2.85
Pantech Group Holdings Bhd — up 2 sen or 3.74% at 55.5 sen
Teo Seng Capital Bhd — down 8 sen or 6.06% at RM1.24
Vsolar Group Bhd — up half sen or 2.63% at 20 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.