Thursday 25 Apr 2024
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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

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