KUALA LUMPUR (Feb 21): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's afternoon close today. Three displayed positive and four displayed negative momentum.
The stock with positive momentum were:
Genetec Technology Bhd - up 11 sen at RM1.68
PA Resources Bhd - unchanged at 6.5 sen
Paramount Corp Bhd - up two sen at RM1.35
The stock with negative momentum were:
Focus Point Holdings Bhd - down one sen at 73.5 sen
Formosa Prosonic Industries Bhd- down three sen at RM1.73
MI Technovation Bhd - up 25 sen at RM2.56
TFP Solutions Bhd - down one sen at 8.5 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.