KUALA LUMPUR (Jan 25): theedgemarkets.com highlighted nine stocks at Bursa Malaysia’s afternoon close today. All stocks indicated negative momentum.
The stocks with negative momentum were:
Eng Kah Corp Bhd — up five sen at RM1.97
Eupe Corp Bhd — up five sen at 94 sen
Globaltech Formation Bhd — up six sen at 51 sen
Malaysia Smelting Corp Bhd — up 16 sen at RM1.74
Multi-Usage Holdings Bhd — up three sen at 65.5 sen
Paragon Union bhd — up 23 sen at RM1.20
Rhone Ma Holdings Bhd — up 2.5 sen at 87.5 sen
Sarawak Consolidated Industries Bhd — up five sen at RM2.19
Scicom (MSC) Bhd — down 1.5 sen at 98.5 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.