KUALA LUMPUR (March 24): theeedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Friday (March 24). Five stocks showed negative momentum, while only one stock showed positive momentum.
The stocks with negative momentum were:
- YBS International Bhd — down one sen at 66 sen
- NCT Alliance Bhd — up half a sen at 39 sen
- PWF Corp Bhd — down half a sen at 62 sen
- CAB Cakaran Corp Bhd — up three sen at 74 sen
- Federal International Holdings Bhd — down half a sen at 62 sen
The stock with positive momentum was:
- Teo Seng Capital Bhd — up one sen at 82 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