KUALA LUMPUR (Jan 18): theedgemarkets.com highlighted 16 stocks at Bursa Malaysia’s afternoon close today. 14 stocks indicated negative momentum while two had positive momentum.
The stocks with negative momentum were:
BSL Corp Bhd — up two sen at 73 sen
Cheetah Holdings Bhd — up 1.5 sen at 80.5 sen
Edaran Bhd — up 6.5 sen at 51 sen
Genetech Technology Bhd — up 60 sen at RM2.63
Kenanga Investment Bank Bhd — up five sen at RM1.14
Kobay Technology Bhd — up 72 sen at RM5.07
KPower Bhd — up 22 sen at RM2.79
OCB Bhd — up five sen at 67.5 sen
Oversea Enterprise Bhd — up two sen at 76 sen
PMB Technology Bhd — up 45 sen at RM5.15
Resintech Bhd — up 5.5 sen at 43 sen
Sarawak Consolidated Industries Bhd (SCIB) — up 34 sen at RM2.04
TMC Life Sciences Bhd — up 4.5 sen at 72.5 sen
Toyo Ventures Holdings Bhd — up 21 sen at RM2.86
The stocks with positive momentum were:
Ge-Shen Corp Bhd — up 22 sen at RM1.17
Success Transformer Corp Bhd — up nine sen at 82 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.