Careplus, LKL, CNI, Luxchem, Oceancash, Hume
KUALA LUMPUR (Feb 6): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. Four stocks displayed positive momentum while two showed negative momentum.
Stocks with positive momentum were:
Careplus Group Bhd — down two sen at 33 sen
LKL International Bhd — down 0.5 sen at 22 sen
CNI Holdings Bhd — up 0.5 sen at eight sen
Luxchem Corp Bhd — up one sen at 53 sen
Stocks with negative momentum were:
Oceancash Pacific Bhd — up 1.5 sen at 59.5 sen
Hume Industries Bhd — up seven sen at RM1.45
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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