KUALA LUMPUR (June 27): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon market close today. Three stocks displayed positive momentum while one stock displayed negative momentum.
The stocks with positive momentum were:
Smtrack Bhd up 0.5 sen to 21.5 sen
Paramount Corp Bhd unchanged at RM2.25
Bermaz Auto Bhd unchanged at RM2.70
The stock with negative momentum was:
Ivory Properties Group Bhd down 1 sen to 20.5 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.