KUALA LUMPUR (May 24): theedgemarkets.com highlighted two stocks with momentum at Bursa Malaysia's noon market close today. Both stocks displayed negative momentum.
The stocks with negative momentum were:
Focus Point Holdings Bhd — down 3 sen to 41 sen
GPA Holdings Bhd — up 0.5 sen to 14 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.