KUALA LUMPUR (Feb 25): theedgemarkets.com has highlighted 11 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:
Signature International Bhd — up 15.5 sen at 66.5 sen
Lion Posim Bhd — up 12.5 sen at 69.5 sen
The stocks with negative momentum were:
Melewar Industrial Bhd — up four sen 55.5 sen
CSC Steel Holdings Bhd — up three sen at RM1.39
Complete Logistics Services Bhd — up 23 sen at RM1.54
Leon Fuat Bhd — up five sen at 68.5 sen
Pimpinan Ehsan Bhd — down nine sen at RM1.84
Country Heights Holdings Bhd — unchanged at RM1.46
YLI Holdings Bhd — up four sen at 44.5 sen
Uchi Technologies Bhd — up 28 sen at RM3.35
Prestar Resources Bhd — up four sen at RM1.08
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.