KUALA LUMPUR (Mar 8): theedgemarkets.com highlighted 10 stocks with momentum at Bursa Malaysia's noon market close today. Three stocks displayed positive momentum while seven stocks showed negative momentum.
The stocks with positive momentum were:
Sarawak Cable Bhd - up 2 sen at 38.5 sen
Mitrajaya Holdings Bhd - up 4 sen at 38 sen
Prestar Resources Bhd - up 7 sen at 66 sen
The stocks with negative momentum were:
GD Express Carrier Bhd - up 1.5 sen at 36.5 sen
Cabnet Holdings Bhd - up 2.5 sen at 32 sen
Malayan Flour Mills Bhd - up 6 sen at 74 sen
Petra Energy Bhd - up 5 sen at RM1.19
Dayang Enterprise Holdings Bhd - up 15 sen at RM1.55
Sasbadi Holdings Bhd - up 0.5 sen at 24 sen
GPA Holdings Bhd - up 1 sen at 10 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.