KUALA LUMPUR (March 2): theedgemarkets.com has highlighted three stocks with momentum at Bursa Malaysia's afternoon close today. One displayed positive momentum, while two displayed negative momentum.
The stock with positive momentum was:
Marine & General Bhd - up two sen at nine sen
The stock with negative momentum were:
Ornapaper Bhd - down five sen at RM1.23
Thriven Global Bhd - up 11 sen at 33sen
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.