KUALA LUMPUR (Oct 19): theedgemarkets.com highlighted 12 stocks at Bursa Malaysia’s afternoon close today. Eleven stocks indicated negative momentum while one stock with positive momentum.
The stocks with negative momentum were:
Acme Holdings Bhd - up one sen at 69 sen
Boilermech Holdings Bhd - up 1.5 sen at 62.5 sen
Freight Management Holdings Bhd - up one sen at 56.5 sen
HIL Industries Bhd - up seven sen at RM1.01
Jaycorp Bhd - up three sen at RM1.22
Jiankun International Bhd - up three sen at 50 sen
Mah Sing Group Bhd - up 19.5 sen at RM1.14
Melati Ehsan Holdings Bhd - up 0.5 sen at 48 sen
Salcon Bhd - up 4.5 sen at 29.5 sen
Tasco Bhd - up 11 sen at RM2.06
Thong Guan Industries Bhd - up 30 sen at RM3.17
The stock with positive momentum was:
HPMT Holdings Bhd - up 0.5 sen at 39 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