KUALA LUMPUR (Feb 5): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's noon market break today. Two stocks displayed positive momentum, while the rest displayed negative momentum.
The stocks with positive momentum were:
Landmarks Bhd — up half a sen higher at 55.5 sen
Can-One Bhd — up 20 sen at RM3.05
The stocks with negative momentum were:
SYF Resources Bhd — up 10 sen at 47 sen
Atta Global Group Bhd — up 3.5 sen at 53.5 sen
Uchi Technologies Bhd — down 17 sen at RM3.35
Signature International Bhd — up three sen at RM1.10
Sasbadi Holdings Bhd — down a sen at 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