KUALA LUMPUR (June 4): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's noon market close today. One stock displayed positive momentum while five stocks showed negative momentum.
The stock with positive momentum was:
Lafarge Malaysia Bhd - unchanged at RM3.75
The stocks with negative momentum were:
Can-One Bhd – up 28 sen at RM3.71
Hume Industries Bhd - up 14 sen at RM1.18
IGB Bhd - up two sen at RM2.72
Malayan United Industries Bhd - up two sen at 22.5 sen
Syarikat Takaful Malaysia Keluarga Bhd - up 20 sen at RM6.68
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.