KUALA LUMPUR (April 8): theedgemarkets.com highlighted 12 stocks with momentum at Bursa Malaysia's noon market close today. Three stocks displayed positive momentum while ninestocks showed negative momentum.
The stocks with positive momentum were:
GFM Services Bhd - up 1 sen at RM4.42
Hektar Real Estate Investment Trust - unchanged at RM1.14
Talam Transform Bhd - down 0.5 sen at 5 sen
The stocks with negative momentum were:
Ann Joo Resources Bhd - up 9 sen at RM1.72
DPS Resources Bhd - up 1 sen at 9.5 sen
Hock Heng Stone Industries Bhd - up 3.5 sen at 74.5 sen
Pentamaster Corp Bhd - up 15 sen at RM4.02
Pesona Metro Holdings Bhd - up 1 sen at RM1.09
Perak Corp Bhd - up 7.5 sen at 48 sen
SMtrack Bhd - up 1 sen at 12 sen
Success Transformer Corp Bhd - up 6 sen at 71.5 sen
Sycal Ventures Bhd - up 1.5 sen at 27.5 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com