KUALA LUMPUR (Jan 26): theedgemarkets.com highlighted seven stocks at Bursa Malaysia’s afternoon close today. Six stocks indicated negative momentum while one stock indicated positive momentum.
The stocks with negative momentum were:
Central Global Bhd — up 10 sen at 80 sen
Eita Resources Bhd — up 28 sen at RM3.33
Federal Intl Holdings Bhd — up six sen at 54.5 sen
Hwa Tai Industries Bhd — up 18.5 sen at 65 sen
Paragon Union Bhd — up eight sen at RM1.35
Rhone Ma Holdings Bhd — up nine sen at 97 sen
The stock with positive momentum was:
Sarawak Consolidated Industries Bhd — up 21 sen at RM2.33
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.