KUALA LUMPUR (Sep 24): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. Four showed positive while one showed negative momentum.
Stock with positive momentum were:
Nextgreen Global Bhd – up 2.5 sen at 41.5 sen
Pinehill Pacific Bhd – down 8.5 sen to 45.5 sen
Reach Energy Bhd – up 1 sen at 44.5 sen
VisDynamics Holdings Bhd – up 0.5 sen at 71 sen
Stock with negative momentum was:
Ni Hsin Resources Bhd – down 1 sen at 26 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.