KUALA LUMPUR (Jan 7): theedgemarkets.com highlighted seven stocks at Bursa Malaysia's afternoon close today. Five stocks indicated negative momentum while two showed positive momentum.
The stocks with negative momentum were:
Silver Ridge Holdings Bhd — up half a sen at 59 sen
Landmarks Bhd — down two sen at 36.5 sen
CNI Holdings Bhd — up two sen at 11.5 sen
BSL Corp Bhd — up two sen at 45 sen
CN Asia Corp Bhd — up two sen at RM2.37
The stocks with positive momentum were:
Xian Leng Holdings Bhd — down 1.5 sen at 66 sen
Toyo Ventures Holdings Bhd — falls 37 sen at RM2.19
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