KUALA LUMPUR (July 1): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's noon market close today. Three stocks displayed positive momentum while two displayed negative.
The stock with positive momentum were:
Focus Dynamics Group Bhd – up 1.5 sen to 21 sen
Jadi Imaging Holdings Bhd – unchanged at five sen
SMTrack Bhd – up 0.5 sen to 22 sen
The stock with negative momentum were:
KNM Group Bhd – up 4.5 sen to 30 sen
Vsolar Group Bhd – up one sen to 20 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.