KUALA LUMPUR (March 3): theedgemarkets.com has highlighted five stocks with momentum at Bursa Malaysia's afternoon close today. Three displayed positive momentum, while two displayed negative momentum.
The stocks with positive momentum were:
Eden Inc Bhd — down two sen at 25 sen
Paramount Corporation Bhd — down two sen at RM1.38
Rubberex Corporation (M) Bhd — up 6.5 sen at 80.5 sen
The stocks with negative momentum were:
Solid Automotive Bhd — up one sen at 34.5 sen
Thriven Global Bhd — down two sen at 29.5 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.