KUALA LUMPUR (Jan 22): theedgemarkets.com highlighted six stocks at Bursa Malaysia’s afternoon close today. All stocks indicated negative momentum.
The stocks with negative momentum were:
Binasat Communications Bhd — up 1.5 sen at 41 sen
EITA Resources Bhd — up nine sen at RM3.33
MClean Technologies Bhd — up nine sen at 32 sen
Malayan Flour Mills Bhd — up 4.5 sen at 88 sen
Opcom Holdings Bhd — up six sen at 53 sen
Unisem (M) bhd — up 75 sen at RM8.48
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.