KUALA LUMPUR (Sep 24): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. Three showed positive while three showed negative momentum.
Stock with positive momentum were:
Chin Well Holdings Bhd – unchanged at RM1.79
Ni Hsin Resources Bhd – up one sen to 27 sen
Ranhill Holdings Bhd – up 4.5 sen to 93 sen
Stock with negative momentum were:
AWC Bhd – down 0.5 sen to 84.5 sen
Pinehill Pacific Bhd – up 12 sen to 56 sen
Watta Holding Bhd – up 1.5 sen to 64 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.