KUALA LUMPUR (Jan 11): theedgemarkets.com highlighted six stocks at Bursa Malaysia’s afternoon close today. Five stocks indicated negative momentum while one displayed positive momentum.
The stocks with negative momentum were:
Cheetah Holdings Bhd — down two sen at 74 sen
GUH Holdings Bhd — up one sen at 52 sen
Multi-usage Holdings Bhd — down 1.5 sen at 38 sen
PIE Industry Bhd — up 36 sen at RM3.02
PNE PCB Bhd — fell 9.5 sen at 75.5 sen
The stock with positive momentum was:
Silver Ridge Holdings Bhd — up one sen at 60.5 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.