Bintulu Port, Chuan Huat, Federal International, Heng Huat, Iris Corp, Malayan Flour Mills, Rhone Ma, SDS, See Hup

Bintulu Port, Chuan Huat, Federal International, Heng Huat, Iris Corp, Malayan Flour Mills, Rhone Ma, SDS, See Hup
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KUALA LUMPUR (Feb 2): theedgemarkets.com highlighted nine stocks with negative momentum at Bursa Malaysia’s afternoon close today.

The stocks with negative momentum were:

Bintulu Port Holdings Bhd — up 16 sen at RM4.20

Chuan Huat Resources Bhd — up 4.5 sen at 46.5 sen

Federal International Holdings Bhd — unchanged at 60 sen

Heng Huat Resources Group Bhd — up 5.5 sen at 53 sen

Iris Corp Bhd — down 3.5 sen at 40 sen

Malayan Flour Mills Bhd — up eight sen at 98 sen

Rhone Ma Holdings Bhd — down 10 sen at 94 sen

SDS Group Bhd — up 1.5 sen at 26 sen

See Hup Consolidated Bhd — up 37 sen at RM1.62

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.

However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com