KUALA LUMPUR (March 20): theeedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Monday (March 20). Five stocks showed negative momentum, while only one stock showed positive momentum.
The stocks with negative momentum were:
- Marine & General Bhd — up 5.56% or one sen at 19 sen
- Poh Kong Holdings Bhd — up 7.47% or 65 sen at 94 sen
- Dancomech Holdings Bhd — up 5.49% or 25 sen at 48 sen
- Favelle Favco Bhd — down 2.63% or five sen at RM1.85
- Federal International Holdings Bhd — down 3.91% or 25 sen at 62 sen
The stock with positive momentum was:
- Tomei Consolidated Bhd — up 6.25% or seven sen at RM1.19
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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com