KUALA LUMPUR (Jan 31): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia's noon market close today. One stock displayed positive momentum while three stocks showed negative momentum.
The stocks with positive momentum was:
JAG Bhd - down 0.5 sen at 8 sen
The stocks with negative momentum were:
Vsolar Group Bhd - unchanged at 14 sen
Xin Hwa Holdings Bhd - up 2 sen at 87 sen
London Biscuits Bhd - unchanged at 60 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.