KUALA LUMPUR (Oct 6): theedgemalaysia.com highlighted two stocks with positive momentum and six stocks with negative momentum at Bursa Malaysia’s afternoon close on Tuesday. 

The stocks with positive momentum were:

Asteel Group Bhd (KL:ASTEEL) — up two sen or 21.1% at 11.5 sen;

Cnergenz Bhd (KL:CNERGEN) — down three sen or 2.50% at RM1.17.

The stocks with negative momentum were:

Bus Cap Bhd (KL:BUSCAP) — up 12.5 sen or 18.94% at 78.5 sen;

Cypark Resources Bhd (KL:CYPARK) — up two sen or 2.45% at 83.5 sen;

Divfex Bhd (KL:DFX) — unchanged at 15.5 sen;

FoundPac Group Bhd (KL:FPGROUP) – up one sen or 2.38% at 43 sen;

JF Technology Bhd (KL:JFTECH) – up four sen or 5.41% at 78 sen;

JHM Consolidation Bhd (KL:JHM) – up four sen or 7.08% at 60.5 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.

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