Hume Industries, Focus Point, MBL, Green Packet

Hume Industries, Focus Point, MBL, Green Packet
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KUALA LUMPUR (May 21): highlighted four stocks with momentum at Bursa Malaysia's noon market close today. One stock displayed positive momentum while three stocks displayed negative momentum.

The stock with positive momentum was:

Hume Industries Bhd - up 2.5 sen to 82 sen

The stocks with negative momentum were:

Focus Point Holdings Bhd - up one sen to 44.5 sen

Muar Ban Lee Group Bhd - unchanged at RM1.32

Green Packet Bhd - down one sen to 32.5 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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