KUALA LUMPUR (Sept 25): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's noon market close today. Three stock displayed positive momentum while two stocks displayed negative momentum.
The stock with positive momentum was:
Magni-Tech Industries Bhd - up 16 sen to RM6.52
Pansar Bhd - fell two sen to 57sen
SCGM Bhd- fell two sen to RM1.08
The stocks with negative momentum were:
PRG Holdings Bhd - fell 15 sen to RM1.08
Hai-O Enterprise Bhd - up four sen at RM2.71
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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com