KUALA LUMPUR (Aug 5): theedgemarkets.com highlighted 36 stocks with negative momentum at Bursa Malaysia's afternoon close today.
The stocks with negative momentum were:
Apex Healthcare Bhd — up 24 sen at RM3.88
Ancom Logistics Bhd — up 15.5 sen at 62.5 sen
Asia Poly Holdings Bhd — up 4.5 sen at 56.5 sen
Asia Media Group Bhd — unchanged at six sen
Bursa Malaysia Bhd — up 81 sen at RM10.76
CNI Holdings Bhd — up half a sen at 8.5 sen
Compugates Holdings Bhd — up one sen at three sen
Cuscapi Bhd — up one sen at 15 sen
DGB Asia Bhd — up one sen at eight sen
DKSH Holdings (Malaysia) Bhd — up 22 sen at RM3.66
Dolphin International Bhd - up 1.5 sen at 12.5 sen
Duopharma Biotech Bhd — up 34 sen at RM3.13
DPI Holdings Bhd — up 2.5 sen at 24 sen
Eco World International Bhd — up two sen at 48 sen
Ge-Shen Corp Bhd — up 25 sen at 77 sen
Industronics Bhd — up two sen at 11.5 sen
JCY International Bhd — up 7.5 sen at 64 sen
JHM Consolidation Bhd — up 18 sen at RM1.86
Karex Bhd — up 16 sen at RM1.13
Kenanga Investment Bank Bhd — up 7.5 sen at 81.5 sen
Komarkcorp Bhd — up eight sen at 81.5 sen
Mah Sing Group Bhd — up 13 sen at 83 sen
Mikro MSC Bhd — up half a sen at 20 sen
N2N Connect Bhd — up 10.5 sen at 90 sen
Niche Capital Emas Holdings Bhd — up half a sen at nine sen
Orion IXL Bhd — up half a sen at 8.5 sen
Oversea Enterprise Bhd — unchanged at 33.5 sen
Pecca Group Bhd — up 12.5 sen at RM1.08
Pharmaniaga Bhd — up 51 sen at RM4.75
Prestar Resources Bhd — up 17.5 sen at 79.5 sen
Sersol Bhd — up half a sen at 18 sen
TA Enterprise Bhd — unchanged at 61.5 sen
Tashin Holdings Bhd — up 2.5 sen at 22.5 sen
Tomei Consolidated Bhd — up 21 sen at RM1.09
Versatile Creative Bhd — up seven sen at 85 sen
Vizione Holdings Bhd — up 2.5 sen at 42 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com