Four stocks were highlighted for their momentum at Bursa Malaysia’s noon market break. Two of these stocks exhibited positive momentum, while the other two showed negative momentum, according to a proprietary algorithm from theedgemalaysia.com.
Stocks with Positive Momentum:
Barakah Offshore Petroleum Bhd (KL): Shares rose by one sen or 14.29%, trading at eight sen. This suggests a rising price trend backed by higher trading volume.
Bertam Alliance Bhd (KL): Despite being down by half a sen or 4.17%, trading at 11.50 sen, it still showed positive momentum, indicating potential short-term buying interest.
Stocks with Negative Momentum:
Hong Leong Financial Group Bhd (KL): Shares increased by 14 sen or 0.76% to RM18.60. Despite the price increase, the stock is categorized under negative momentum, suggesting a potential decline following the price rise.
Innoprise Plantations Bhd (KL): Shares rose by one sen or 0.68% to RM1.49, yet displayed negative momentum, possibly hinting at a short-term downturn.
The list is generated using a mathematical algorithm highlighting stocks with unusual trading volume and price movements. While it does not constitute a buy or sell recommendation, it provides a snapshot of market interest and potential short-term opportunities based on current trends.
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