KUALA LUMPUR (March 4): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's noon break. One stock displayed positive momentum, while the remaining five stocks showed negative momentum.
The stock with positive momentum was:
Industronics Bhd — rose 13 sen to 60 sen
The stocks with negative momentum were:
Asian Pac Holdings Bhd — rose 1.5 sen to 16 sen
DPI Holdings Bhd — rose three sen to 38 sen
GFM Services Bhd — rose 3.5 sen to 35 sen
Greenyield Bhd — rose 3.5 sen to 26 sen
Mega Sun City Holdings Bhd — fell half a sen to 18.5 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 prices 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com