KUALA LUMPUR (Aug 14): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. One showed positive while seven others showed negative momentum.
Stock with positive momentum was:
FoundPac Group Bhd – up 2.5 sen to 45 sen
Stocks with negative momentum were:
BCM Alliance Bhd – up 1 sen to 22 sen
BP Plastics Holding Bhd – up 4 sen to RM1.13
Fajarbaru Building Group Bhd – up 2.5 sen to 53.5 sen
Guan Chong Bhd – up 8 sen to RM2.14
Olympia Industries Bhd – up 1 sen to 13 sen
SLP Resources Bhd – up 7 sen to RM1.38
Ta Win Holdings Bhd – up 5 sen to 66 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.