KUALA LUMPUR (March 22): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon close on Wednesday (March 22). Two stocks displayed postive momentum, while another four displayed negative momentum
The stocks with positive momentum were:
- Poh Kong Holdings Bhd — down three sen at 88.5 sen
- Tomei Consolidated Bhd — down two sen at RM1.15
The stocks with negative momentum were:
- Astral Asia Bhd — unchanged at 13 sen
- AirAsia X Bhd — down one sen at RM1.34
- Ancom Logistics Bhd — unchanged at 19 sen
- Silver Ridge Holdings Bhd — up half a sen at 26 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com