KUALA LUMPUR (Nov 4): theedgemarkets.com highlighted nine stocks at Bursa Malaysia’s afternoon close today. Seven stocks indicated negative momentum while the remaining two stocks showed negative momentum.
The stocks with negative momentum were:
Eurospan Holdings Bhd – rose 1.5 sen at 66 sen
Innoprise Plantations Bhd – rose four sen at RM1.07
Jaycorp Bhd – rose 22 sen at RM1.52
Nationwide Express Holdings Bhd – rose eight sen at 70 sen
Pinehill Pacific Bhd – unchanged at 44 sen
SMIS Corp Bhd – rose three sen at 49 sen
Tafi Industries Bhd – rose 2.5 sen at 60.5 sen
The stocks with positive momentum were:
Salcon Bhd – fell half a sen at 33.5 sen
Spring Art Holdings Bhd – unchanged at 27.5 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com