KUALA LUMPUR (Dec 19): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia's afternoon close today. One displayed positive momentum, while three displayed negative momentum.
The stock with positive momentum were:
Protasco Bhd - unchanged at 39.5 sen
The stock with negative momentum were:
Karyon Industries Bhd - up 0.5 sen to 18.5 sen
Oka Corp Bhd - up 3.5 sen to 74.5 sen
Destini Bhd - up 0.5 sen to 24.5 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.