KUALA LUMPUR (Feb 22): theedgemarkets.com has highlighted 12 stocks with momentum at Bursa Malaysia’s noon market break. All displayed negative momentum.
The stocks that indicated negative momentum were:
Complete Logistics Services Bhd – up 22 sen to RM1.25
ConnectCounty Holdings Bhd – down 0.5 sen to 25.5 sen
Kerjaya Prospek Group Bhd – up eight sen to RM1.18
Lee Swee Kiat Group Bhd – up seven sen to RM1.05
Mestron Holdings Bhd – up three sen to 26.5 sen
OCK Group Bhd – up four sen to 55.5 sen
Pertama Digital Bhd – up 2.5 sen to 47 sen
Perak Transit Bhd – up three sen to 90 sen
Rev Asia Bhd – up 1.5 sen to 28.5 sen
SCH Group Bhd – up 0.5 sen to 10 sen
Tashin Holdings Bhd – up 3.5 sen to 43.5 sen
Xian Leng Holdings Bhd – up 37 sen to RM1.68
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.
Edited by Joyce Goh