KUALA LUMPUR (Aug 7): theedgemarkets.com highlighted 39 stocks with negative momentum at Bursa Malaysia's afternoon close today.
Stocks with negative momentum were:
AppAsia Bhd - up 4.5 sen at 63.5 sen
ATA IMS Bhd - up seven sen at RM1.47
Bahvest Resources Bhd - up nine sen at 77 sen
BCM Alliance Bhd - up six sen at 42 sen
Borneo Oil Bhd - up two sen at seven sen
Caely Holdings Bhd - up one sen at 58.5 sen
Diversified Gateway Solutions Bhd - up two sen at 17.5 sen
Digistar Corp Bhd - up two sen at 11 sen
Ge-Shen Corp Bhd - up four sen at 70.5 sen
G Neptune Bhd - up half a sen at 8.5 sen
Hexza Corp Bhd - down nine sen at RM1.88
Hiap Huat Holdings Bhd - unchanged at 12 sen
Impiana Hotels Bhd - up half a sen at 10 sen
Inix Technologies Holdings Bhd - up 19 sen at 39 sen
Johan Holdings Bhd - up half a sen at nine sen
Karyon Industries Bhd - up six sen at 29.5 sen
K. Seng Seng Corp Bhd - up 30 sen at 79 sen
LB Aluminium Bhd - up two sen at 44.5 sen
Malaysian Genomics Resource Centre Bhd - up 15.5 sen at 70 seh
Metronic Global Bhd - up one sen at 7.5 sen
Muda Holdings Bhd - up 14 sen at RM1.90
Notion Vtec Bhd - up 26 sen at RM2.13
Orion IXL Bhd - up 3.5 sen at 12.5 sen
Oversea Enterprise Bhd - up 11.5 sen at 43 sen
P.A. Resources Bhd - up half a sen at 8.5 sen
Pecca Group Bhd - up three sen at RM1.17
Pegasus Heights Bhd - up half a sen at four sen
Pan Malaysia Holdings Bhd - up two sen at 29 sen
Poly Glass Fibre (M) Bhd - up 11.5 sen at 73.5 sen
Securemetric Bhd - up 2.5 sen at 17 sen
Sand Nisko Capital Bhd - unchanged at 24.5 sen
Solution Group Bhd - up 6.5 sen at 26.5 sen
Spring Art Holdings Bhd - up two sen at 23.5 sen
Tex Cycle Technology (M) Bhd - up 3.5 sen at 51 sen
Titijaya Land Bhd - up 16.5 sen at 48.5 sen
UPA Corp Bhd - up 59 sen at RM3.29
Xidelang Holdings Ltd - up 1.5 sen at 8.5 sen
YBS International Bhd - up one sen at 16.5 sen
Zhulian Corp Bhd - up 17 sen at RM1.74
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