KUALA LUMPUR (Jan 20): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks displayed positive momentum while four stocks showed negative momentum.
Stocks with positive momentum were:
Icon Offshore Bhd – up 3.5 sen at 47 sen
Seal Inc Bhd – flat at 49 sen
Stocks with negative momentum were:
Global Oriental Bhd – up 1.5 sen at 37.5 sen
MB World Group Bhd – up 1 sen at RM1.51
Signature International Bhd – up 0.5 sen at 85.5 sen
SKB Shutters Corp Bhd – up 2.5 sen at 71.5 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.