KUALA LUMPUR (Sept 2): theedgemalaysia.com highlighted six stocks with momentum at Bursa Malaysia’s noon market break on Monday. Two stocks showed positive momentum and the remaining four stocks displayed negative momentum. 

The stocks with positive momentum were:

PBA Holdings Bhd (KL:PBA) — up 26 sen or 10.19% to RM2.81; and

Talam Transform Bhd (KL:TALAMT) — unchanged at 2.5 sen.

The stocks with negative momentum were:

Binastra Corp Bhd (KL:BNASTRA) — up 10 sen or 7.94% to RM1.36;

Borneo Oil Bhd (KL:BORNOIL) — unchanged at one sen;

Farm Fresh Bhd (KL:FFB) — unchanged at RM1.62; and

Icon Offshore Bhd (KL:ICON) — up 11 or 9.4% to RM1.28.

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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com