KUALA LUMPUR (March 1): theedgemarkets.com has highlighted 10 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 10 sen to 94.5 sen
MTD ACPI Engineering Bhd – up one sen to 28 sen
The stocks with negative momentum were:
Bumi Armada Bhd – up three sen to 42.5 sen
Chin Hin Group Bhd – up three sen to RM1.71
Classic Scenic Bhd – up two sen to RM1.52
Innity Corporation Bhd – up 17 sen to 76 sen
Industronics Bhd – up 19.5 sen to 67.5 sen
MSM Malaysia Holdings Bhd – up 22 sen to RM1.2
PWF Corp Bhd – up two sen to 59 sen
Silver Ridge Holdings Bhd – down one sen to 78 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.