KUALA LUMPUR (May 9): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's noon market close today. Three stocks had positive momentum while four displayed negative momentum.
The stocks with positive momentum were:
Lafarge Malaysia Bhd - down 1 sen at RM3.72
Leweko Resources Bhd - up 1.5 sen at 19.5 sen
Leader Steel Holdings Bhd - up 1.5 sen at 33 sen
The stocks with negative momentum were:
Golden Land Bhd - up 1 sen at 41 sen
G Neptune Bhd - unchanged at 9 sen
Jaycorp Bhd - unchanged at 94.5 sen
Lay Hong Bhd - up 0.5 sen at 47 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.