KUALA LUMPUR (Feb 24): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's afternoon close today. Two displayed positive and five displayed negative momentum.
The stock with positive momentum were:
JF Technology Bhd - down 11 sen to RM1.81
XOX Bhd - up half a sen at 5.5 sen
The stock with negative momentum were:
Lotus KFM Bhd - down 1.5 sen at 14.5 sen
Lysaght Galvanized Steel Bhd - down one sen at RM2.46
Mi Technovation Bhd - up one sen at RM2.70
OKA Corp Bhd - down three sen at 71.5 sen
Omesti Bhd - down four sen at 60.5 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.