KUALA LUMPUR (Nov 5): theedgemarkets.com highlighted 10 stocks at Bursa Malaysia’s afternoon close today. Eight stocks indicated negative momentum while two stocks with positive momentum.
The stocks with negative momentum were:
Chin Hin Group Bhd – down three sen at RM1.40
Innoprise Plantations Bhd – up five sen at RM1.11
Konsortium Transnasional Bhd (KTB) – up 3.5 sen at 17.5 sen
Lagenda Properties Bhd – up three sen at 99.5 sen
Leader Steel Holdings Bhd – up one sen at 48.5 sen
MHC Plantations Bhd – up three sen at 63 sen
Paragon Union Bhd – up six sen at 52 sen
Salcon Bhd – up two sen at 36 sen
The stocks with positive momentum were:
Ipmuda Bhd – up 18 sen at 62 sen
Techfast Holdings Bhd – up 3.5 sen at 62.5 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.