KUALA LUMPUR (Aug 10): theedgemarkets.com highlighted 28 stocks with negative momentum at Bursa Malaysia's afternoon close today.
Stocks with negative momentum were:
Avillion Bhd – up 1.5 sen at 10 sen
B.I.G. Industries Bhd – up six sen at 42 sen
Brite-Tech Bhd – up 18.5 sen at 56.5 sen
BTM Resources Bhd – up two sen at 19 sen
Compugates Holdings Bhd – up 1.5 sen at 4.5 sen
Fintec Global Bhd – up 1.5 sen at 14 sen
GPA Holdings Bhd – up seven sen at 20.5 sen
iDimension Consolidated Bhd – up two sen at nine sen
Jiankun International Bhd – up two sen at 45 sen
JKG Land Bhd – up one sen at nine sen
Johan Holdings Bhd – up 10 sen at 23 sen
Kenanga Investment Bank Bhd – up 1.5 sen at 85 sen
LFE Corp Bhd – up three sen at 22.5 sen
Media Prima Bhd – up 2.5 sen at 20.5 sen
Mega Sun City Holdings Bhd – up 1.5 sen at 14.5 sen
Malayan Flour Mills Bhd – down 10.5 sen at 56 sen
Milux Corp Bhd – up 30 sen at RM2.16
MNC Wireless Bhd – up one sen at 7.5 sen
NWP Holdings Bhd – up one sen at 19 sen
Oversea Enterprise Bhd – up 15.5 sen at 77 sen
P.A. Resources Bhd – up one sen at nine sen
Pasukhas Group Bhd – up 1.5 sen at 8.5 sen
Saudee Group Bhd – up 8.5 sen at 54.5 sen
SMTrack Bhd – up 20.5 sen at 48.5 sen
Tadmax Resources Bhd – up six sen at 35 sen
Vsolar Group Bhd – up one sen at six sen
YKGI Holdings Bhd – up 1.5 sen at 13 sen
Yong Tai Bhd – up two sen at 15.5 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.