KUALA LUMPUR (Oct 27): theedgemarkets.com highlighted five stocks at Bursa Malaysia’s afternoon close today. Four stocks indicated negative momentum while only one stock had positive momentum.
The stocks with negative momentum were:
Boilermech Holdings Bhd – up six sen at 71 sen
JF Technology Bhd – down 36 sen at RM4.44
Leader Steel Holdings Bhd – up three sen at 42.5 sen
Unisem (M) Bhd – up 33 sen at RM5.23
The stock with positive momentum was:
Hwa Tai Industries Bhd – up 1.5 sen at 35 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