KUALA LUMPUR (Oct 21): theedgemarkets.com highlighted 12 stocks at Bursa Malaysia’s afternoon close today. Ten stocks indicated negative momentum while two stocks had positive momentum.
The stocks with negative momentum were:
Ahmad Zaki Resources Bhd (AZRB) — unchanged at 21.5 sen
Diversified Gateway Solutions Bhd — up 1.5 sen at 21 sen
Formosa Prosonic Industries Bhd — up six sen at RM1.64
Hiap Teck Venture Bhd — down one sen at 20 sen
Luster Industries Bhd — down 3.5 sen at 19 sen
OKA Corp Bhd — up one sen at 61.5 sen
Pantech Group Holdings Bhd — unchanged at 43 sen
SHH Resources Holdings Bhd — up 15.5 sen at RM1.02
Tasco Bhd — down one sen at RM2.02
United U-Li Corp Bhd — up 1.5 sen at 45 sen
The stocks with positive momentum were:
LBI Capital Bhd — up two sen at 66 sen
Tiong Nam Logistics Holdings Bhd — up two sen at 53 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