KUALA LUMPUR (March 29): theedgemarkets.com highlighted ten stocks at Bursa Malaysia’s afternoon close today. Nine stocks indicated negative momentum while one stock indicated positive momentum
The stocks with negative momentum were:
Berjaya Corp Bhd — up 2.5 sen to 33 sen
Central Global Bhd — up 11 sen at RM1.61
Eastern & Oriental Bhd (E&O) — up 1.5 sen at 60 sen
Glomac Bhd — up one sen at 40 sen
Kerjaya Prospek Group Bhd — up eight sen at RM1.33
Mycron Steel Bhd — up 0.5 sen at 64.5 sen
Silver Ridge Holdings Bhd — down 0.5 sen at 87.5 sen
WCE Holdings Bhd — up three sen at 47 sen
Willowglen MSC Bhd — up three sen at 54 sen
The stocks with positive momentum were:
Classic Scenic Bhd — up four sen at RM1.59
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.