KUALA LUMPUR (Jan 27): theedgemarkets.com highlighted 13 stocks at Bursa Malaysia’s afternoon close today. Eleven stocks indicated negative momentum while two stocks indicated positive momentum.
The stocks with negative momentum were:
Amtel Holdings Bhd — up 29 sen at RM4.01
B.I.G. Industries Bhd — up eight sen at 55 sen
Country Heights Holdings Bhd — unchanged at RM1.40
Eng Kah Corp Bhd — up 15 sen at RM2.21
EP Manufacturing Bhd — up three sen at 42 sen
Freight Management Holdings Bhd — up nine sen at RM1.29
Mestron Holdings Bhd — up 0.5 sen at 23 sen
Milux Corp Bhd — up 27 sen at RM2.90
Ni Hsin Resources Bhd — up 1.5 sen at 28.5 sen
Rexit Bhd — up three sen at RM1.05
Rhone Ma Holdings Bhd — up 11 sen at RM1.11
The stocks with positive momentum were:
Pensonic Holdings Bhd — up 6.5 sen at 68 sen
Sarawak Consolidated Industries Bhd — up 35 sen at RM2.89
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.