KUALA LUMPUR (June 18): theedgemarkets.com highlighted twelve stocks with momentum at Bursa Malaysia's afternoon close today. Eleven displayed in negative momentum and one displayed in positive momentum
The stock with positive momentum was:
Sarawak Consolidated Industries Bhd - up 10 sen at RM2.12
The stock with negative momentum were:
Barakah offshore Bhd - down one sen at 3.5 sen
D’nonce Technology Bhd - up two sen at 30 sen
EKA Noodles Bhd - unchanged at four sen
Federal International Holdings Bhd - up half a sen at 59.5 sen
Komarkcorp Bhd - up four sen at 39 sen
MQ Technology Bhd - unchanged at four sen
Only World Group Bhd - down one sen at 40.5 sen
Prestar Resources Bhd - up three sen at 39 sen
Privasia Technology Bhd - up half a sen at 7.5 sen
RGB International Bhd - up one sen at 15.5 sen
RGT Bhd - up one sen at 30 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.