KUALA LUMPUR (Feb 8): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's noon market close today. Three stock displayed positive momentum and three stocks showed negative momentum.
The stocks with positive momentum were:
Damansara Realty Bhd – up 3 sen to 38.5 sen
Komarkcorp Bhd – up 0.5 sen to 21.5 sen
KUB Malaysia Bhd – up 5 sen to 45 sen
The stocks with negative momentum were:
GFM Services Bhd – up 1.5 sen to 46.5 sen
Sinmah Capital Bhd – up 0.5 sen to 18 sen
VSolar Group Bhd – down 0.5 sen to 15.5 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.