KUALA LUMPUR (Oct 16): theedgemarkets.com highlighted 13 stocks at Bursa Malaysia’s afternoon close today. Twelve stocks displayed negative momentum while the remaining one stock showed negative momentum.
Stocks with negative momentum were:
Amtel Holdings Bhd – up 10 sen at RM1.33
A-Rank Bhd – up one sen at 51.5 sen
Cam Resources Bhd – up five sen at 28 sen
Homeritz Corp Bhd – up four sen at 83 sen
HPMT Holdings Bhd – up one sen at 37 sen
Kanger International Bhd – down one sen at 20 sen
Mah Sing Group Bhd – up 19.5 sen at 92 sen
Nextgreen Global Bhd – unchanged at 42 sen
Paragon Union Bhd – up half a sen at 30 sen
Tomypak Holdings Bhd – up 3.5 sen 87.5 sen
Tri-Mode System (M) Bhd – up two sen at 44 sen
YBS International Bhd – up one sen at 16.5 sen
Stock with positive momentum was:
ACME Holdings Bhd – up 3.5 sen at 41.5 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.
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.
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