KUALA LUMPUR (Sep 5): theedgemarkets.com highlighted 5 stocks with momentum at Bursa Malaysia’s afternoon market close today. One showed positive while 4 showed negative momentum.
Stock with positive momentum was:
Genetec Technology Bhd – up 11 sen to RM1.73
Stocks with negative momentum were:
Kelington Group Bhd – up five sen to 93 sen
Minho (M) Bhd – up 2.5 sen to 55 sen
Pesona Metro Holdings Bhd – up two sen to 36 sen
Sanbumi Holdings Bhd – up 0.5 sen to 20.5 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.