FPI, AirAsia X, Al-Salam REIT, Aturmaju, Voir, EKA, Key Alliance

FPI, AirAsia X, Al-Salam REIT, Aturmaju, Voir, EKA, Key Alliance
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KUALA LUMPUR (March 1): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's afternoon market close today. It showed two with positive momentum and five with negative momentum.

Stocks with positive momentum are:

Formosa Prosonic Industries Bhd, up 2.5 sen at 97.5 sen

AirAsia X, up 1 sen at 26 sen

Stocks with negative momentum are:

Al-Salam Real Estate Investment Trust, up half a sen at 96 sen

Atrurmaju Resources Bhd, up 1 sen at RM1.25

Voir Holdings Bhd, up 7 sen at 81 sen

EKA Noodles Bhd, up 1.5 sen at 18.5 sen

Key Alliance Group Bhd, down half a sen to 6 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.However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.)