KUALA LUMPUR (March 3): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's noon break. Two stocks displayed positive momentum, while the remaining five stocks indicated negative momentum.
The stocks with positive momentum were:
Grand-Flo Bhd — down 15 sen to 43 sen
Jasa Kita Bhd — unchanged at 13 sen
The stocks with negative momentum were:
Aimflex Bhd — down 3.5 sen to 28 sen
Dynaciate Group Bhd — up half a sen to 14 sen
Pasdec Holdings Bhd — up 1.5 sen to 31 sen
Sern Kou Resources Bhd — up 12 sen to RM2.32
Hiap Huat Holdings Bhd — up 1.5 sen to 14.5 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 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com