KUALA LUMPUR (Oct 8): theedgemalaysia.com highlighted two stocks with positive momentum and five stocks with negative momentum at Bursa Malaysia’s afternoon close on Thursday.
The stocks with positive momentum were:
- Aemulus Holdings Bhd (KL:AEMULUS) — up one sen or 2.25% at 45.5 sen
- Southern Score Builders Bhd (KL:SSB8) — unchanged at 64.5 sen
The stocks with negative momentum were:
- Binastra Corporation Bhd (KL:BNASTRA) — up 18 sen or 7.20% at RM2.68
- Censof Holdings Bhd (KL:CENSOF) — up one sen or 4.26% at 24.5 sen
- FM Global Logistics Holdings Bhd (KL:FM) — down half a sen or 0.85% at 58 sen
- Greentronics Technology Bhd (KL:GREENTEC) – down 3.5 sen or 10.61% at 29.5 sen
- Hartanah Kenyalang Bhd (KL:HKB) – up seven sen or 9.52% at 80.5 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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