KUALA LUMPUR (Apr 1): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's noon market close today. One stock displayed positive momentum while six showed negative momentum.
The stock with positive momentum was:
Gets Global Bhd - up 3.5 sen at 37 sen
The stocks with negative momentum were:
Redtone International Bhd - up 1 sen at 30 sen
Kumpulan Transnasional Bhd - up 9 sen at 17.5 sen
Tasco Bhd - unchanged at RM1.66
Sealink International Bhd - up 3.5 sen at 24 sen
Ho Hup Construction Co Bhd - up 1 sen at 47 sen
Sycal Ventures Bhd - up 1.5 sen at 27 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.