KUALA LUMPUR (July 24): theedgemalaysia.com highlighted three stocks with positive momentum, while four stocks showed negative momentum at Bursa Malaysia’s noon market break on Wednesday.
The stocks with positive momentum were:
- Melewar Industrial Group Bhd (KL:MELEWAR) — up 3.5 sen or 12.07% at 32.5 sen
- Varia Bhd (KL:VARIA) — down one sen or 0.98% at RM1.01
- G3 Global Bhd (KL:G3) — up one sen or 33.3% at four sen
The stocks with negative momentum were:
- Grand Central Enterprises Bhd (KL:GCE) — up half a sen or 1.10% at 46 sen
- Crescendo Corp Bhd (KL:CRESNDO) — up three sen or 0.74% at RM4.10
- OCR Group Bhd (KL:OCR) — up half a sen or 4% at 13 sen
- PDZ Holdings Bhd (KL:PDZ) — up one sen or 20% at six 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.
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