KUALA LUMPUR (Feb 23): theedgemarkets.com has highlighted 10 stocks with momentum at Bursa Malaysia’s noon market break. Two displayed positive momentum while the remaining eight displayed negative momentum.
The stocks that indicated positive momentum were:
Complete Logistic Services Bhd – down six sen to RM1.27
Techna-X Bhd – up 2.5 sen to 20.5 sen
The stocks that indicated negative momentum were:
Aeon Co (M) Bhd – up six sen to RM1.19
Ancom Bhd – up eight sen to RM1.31
Amanahraya Real Estate Investment Trust – down 0.5 sen to 66 sen
Avillion Bhd – up 0.5 sen to eight sen
Country Heights Holdings Bhd – down one sen to RM1.45
CSC Steel Holdings Bhd – up eight sen to RM1.41
Only World Group Holdings Bhd – up one sen to 35 sen
Pimpinan Ehsan Bhd – up 33 sen to RM1.82
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.
Edited by Joyce Goh