KUALA LUMPUR (March 2): theedgemarkets.com has highlighted seven stocks with momentum at Bursa Malaysia’s noon market break today. Three stocks displayed positive momentum, while the rest displayed negative momentum.
The stocks with positive momentum were:
GFM Services Bhd – down 4.5 sen to 36 sen
Landmarks Bhd – up 15 sen to 62 sen
Progressive Impact Corp Bhd – up six sen to 18 sen
The stocks with negative momentum were:
Ablegroup Bhd – up 2.5 sen to 21.5 sen
FSBM Holdings Bhd – up one sen to 14 sen
Grand-Flo Bhd – up 6.5 sen to 41 sen
OCK Group Bhd – up one sen to 53 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.
Edited by Joyce Goh