KUALA LUMPUR (March 9): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's noon market break today. Two stocks displayed positive momentum, while three stocks showed negative momentum.
The stocks with positive momentum were:
AirAsiaX Bhd (AAX) — unchanged at 9.5 sen
PRG Holdings Bhd — up one sen at 26.5 sen
The stocks with negative momentum were:
AWC Bhd — up one sen at 64.5 sen
Chin Teck Plantations Bhd — up eight sen at RM6.84
Sealink International Bhd — down 4.5 sen at 24 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 prices 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.