KUALA LUMPUR (March 5): theedgemarkets.com has highlighted five stocks with momentum at Bursa Malaysia's afternoon close today. Two displayed positive momentum, while three displayed negative momentum.
The stocks with positive momentum were:
Opensys (M) Bhd - unchanged at 44 sen
MClean Technologies Bhd - up 0.5 sen or 1.35% at 37.5 sen
The stocks with negative momentum were:
Ornapaper Bhd - up 7 sen or 5.6% at RM1.32
Solid Automotive Bhd - unchanged at 34.5 sen
KKB Engineering Bhd - up 17 sen or 7.8% at RM2.35
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.