KUALA LUMPUR (Feb 26): theedgemarkets.com has highlighted eight 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:
PWF Corp Bhd – up 8.5 sen to 62 sen
Puncak Niaga Holdings Bhd – up 9.5 sen to 48 sen
CRG Incorporated Bhd – up 1.5 sen to 13.5 sen
The stocks with negative momentum were:
Chin Hin Group Bhd – unchanged at RM1.67
Industronics Bhd – up 9.5 sen to 48 sen
Lion Industries Corp Bhd – down 8.5 sen to 88.5 sen
MSM Malaysia Holdings Bhd – up 8.5 sen to 94 sen
Signature International Bhd – up 8.5 sen to 84.5 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 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.