KUALA LUMPUR (Feb 19): theedgemarkets.com has highlighted 14 stocks with momentum at Bursa Malaysia’s noon market break. One stock displayed positive momentum, with the rest displaying negative momentum.
The stock that displayed positive momentum was:
Pimpinan Ehsan Bhd — up 15 sen at RM1.15
The stocks that indicated negative momentum were:
Pineapple Resources Bhd — up seven sen at 80 sen
Key Asic Bhd — up 2.5 sen at 13.5 sen
Managepay Systems Bhd — up 5.5 sen at 26.5 sen
Cabnet Holdings Bhd — up 1.5 sen at 27 sen
Complete Logistics Services Bhd — up 23 sen at RM1.07
K Seng Seng Corp Bhd — up six sen at 69 sen
Censof Holdings Bhd — up four sen at 42 sen
AwanBiru Technology Bhd — up seven sen at RM1.13
Kerjaya Prospek Property Bhd — up nine sen at RM1.36
ARB Bhd — up 2.5 sen at 38 sen
Progressive Impact Corp Bhd — up half a sen at 13 sen
Asia Brands Bhd — up seven sen at 78 sen
Lee Swee Kiat Group Bhd — up two sen at 97 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.