KUALA LUMPUR (Feb 22): theedgemarkets.com highlighted 8 stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock was with positive momentum while seven stocks were with negative momentum.
The stock with positive momentum was:-
Oriental Food Industries Holdings Bhd (OFI)– up eight sen to 80 sen
The stocks with negative momentum were: -
IFCA MSC Bhd – down a sen to 25.5 sen
Vsolar Group Bhd – down half a sen to 19 sen
Iskandar Waterfront City Bhd (IWCity) – up six sen to 65 sen
Teo Seng Capital Bhd – up 10 sen to RM1.34
Pansar Bhd – unchanged at 88 sen
Ideal United Bintang International (Ideal) – up seven sen to RM1.34
Prestar Resources Bhd – up four sen to 62 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.