KUALA LUMPUR (Jan 21): theedgemarkets.com highlighted 13 stocks at Bursa Malaysia’s afternoon close today. Ten stocks indicated negative momentum while three showed positive momentum.
The stocks with negative momentum were:
BCB Bhd — down 0.5 sen at 37 sen
Cheetah Holdings Bhd — up two sen at 88 sen
Focus Point Holdings Bhd — up 13 sen at RM1.29
JF Technology Bhd — up 28 sen at RM2.24
Kenanga Investment Bank Bhd — up six sen at RM1.26
KPower Bhd — down 12 sen at RM2.57
Multi-Usage Holdings Bhd — up three sen at 51 sen
Pantech Group Bhd — up 1.5 sen at 46 sen
UMS-Neiken Group Bhd — up 23 sen at RM1.18
Zhulian Corp Bhd — up 13 sen at RM1.78
The stocks with positive momentum were:
Dagang NeXchange Bhd (DNeX) — up four sen at 26.5 sen
Eita Resources Bhd — up 16 sen at RM3.11
Rexit Bhd — up five sen at RM1.14
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.