KUALA LUMPUR (Sept 15): theedgemalaysia.com highlighted 10 stocks with momentum at Bursa Malaysia’s afternoon close on Friday. Four stocks showed positive momentum, while six stocks had negative momentum.
The stocks with positive momentum were:
- Master-Pack Group Bhd — up 18 sen or 6.79% at RM2.83
- Netx Holdings Bhd — up one sen or 10% at 11 sen
- Pensonic Holdings Bhd — up three sen or 4.29% at 73 sen
- Theta Edge Bhd — up 5.5 sen or 8.66% at 69 sen
The stocks with negative momentum were:
- Mega First Corp Bhd — up six sen or 1.78% at RM3.44
- Public Packages Holdings Bhd — up 1.5 sen or 2.27% at 67.5 sen
- Reach Energy Bhd — unchanged at five sen
- Transocean Holdings Bhd — up four sen or 2.05% at RM1.99
- Toyo Ventures Holdings Bhd — up five sen or 3.91% at RM1.33
- XOX Technology Bhd — up one sen or 16.67% at seven 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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