KUALA LUMPUR (July 8): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed three stocks with one positive momentum and three with negative momentum.
The stocks with positive momentum are:
Carlsberg Brewery Malaysia Bhd— up 42 sen at RM14.14
The stock with negative momentum are:
Borneo Oil Bhd— up 1.5 sen at 18.5 sen
Tadmax Resources Bhd— up one sen at 46 sen
Heineken Malaysia Bhd— up 20 sen at RM16.88
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.