KUALA LUMPUR (Feb 26): theedgemarkets.com highlighted 5 stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks had positive momentum, while three stocks had negative momentum.
The stocks with positive momentum were:
GD Express Carrier Bhd – up five sen to 35.5 sen
Malaysian Bulk Carriers Bhd (Maybulk) – up 6.5 sen to 66 sen
The stocks with negative momentum were:
Hong Leong Industries Bhd – up two sen to RM9.87
Petra Energy Bhd – up three sen to 75 sen
KKB Engineering Bhd – up a sen to RM1.18
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.