GFM, Landmarks, Progressive Impact, Ablegroup, FSBM, Grand-Flo, OCK

GFM, Landmarks, Progressive Impact, Ablegroup, FSBM, Grand-Flo, OCK
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KUALA LUMPUR (March 2): theedgemarkets.com has highlighted seven stocks with momentum at Bursa Malaysia’s noon market break today. Three stocks displayed positive momentum, while the rest displayed negative momentum.

The stocks with positive momentum were:

GFM Services Bhd – down 4.5 sen to 36 sen

Landmarks Bhd – up 15 sen to 62 sen

Progressive Impact Corp Bhd – up six sen to 18 sen

The stocks with negative momentum were:

Ablegroup Bhd – up 2.5 sen to 21.5 sen

FSBM Holdings Bhd – up one sen to 14 sen

Grand-Flo Bhd – up 6.5 sen to 41 sen

OCK Group Bhd – up one sen to 53 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.

Edited by Joyce Goh

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