Tuesday 27 Feb 2024
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KUALA LUMPUR (March 29): theeedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday (March 29). Two stocks showed positive momentum, while three stocks had negative momentum.

The stocks with positive momentum were:

  • Permaju Industries Bhd — up half a sen at six sen
  • Seacera Group Bhd — unchanged at 19.5 sen

The stocks with negative momentum were:

  • Komarkcorp Bhd — unchanged at 7.5 sen
  • Iskandar Waterfront City Bhd (IWCity) — up two sen at 43 sen
  • Titijaya Land Bhd — unchanged at 28 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

Edited BySurin Murugiah
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