KUALA LUMPUR (April 27): theedgemarkets.com highlighted seven stocks at Bursa Malaysia’s afternoon close today. Six stocks indicated negative momentum while one stock indicated positive momentum.
The stocks with negative momentum were:
Selangor Dredging Bhd — down 6.5 sen at 71.5 sen
Mulpha International Bhd — up five sen to RM1.81
Metrod Holdings Bhd — up 14 sen at RM1.61
UMS-Neiken Group Bhd — unchanged at RM1.39
WZ Satu Bhd — up 1.5 sen at 21.5 sen
Teo Guan Lee Corp Bhd — up 56 sen at RM2.45
The stock with positive momentum was:
Astro Group Bhd — up one sen at RM1.07
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.