KUALA LUMPUR (June 26): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock displayed positive momentum while five stocks displayed negative momentum.
The stock with positive momentum was:
Focus Dynamics Group Bhd — up 2.5 sen or 15.63% at 18.5 sen
The stocks with negative momentum were:
Focus Point Holdings Bhd — up four sen or 9.2% at 47.5 sen
Handal Resources Bhd — down two sen or 4.49% at 42.5 sen
Poh Kong Holdings Bhd — down one sen or 1.87% at 52.5 sen
Master-Pack Group Bhd — unchanged at RM1.19
Warisan TC Holdings Bhd — up 12 sen or 5.66% at RM2.24
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.