KUALA LUMPUR (Oct 15): theedgemarkets.com highlighted nine stocks at Bursa Malaysia’s afternoon close today. Six stocks indicated negative momentum while three stocks with positive momentum.
Stocks with negative momentum were:
IQ Group Holdings Bhd – down six sen at RM1.14
Paos Holdings Bhd – up one sen at 35 sen
Parlo Bhd – up 6.5 sen at 52 sen
Sig Gases Bhd – down half a sen at 48.5 sen
Thong Guan Industries Bhd – up eight sen at RM5.57
Tomypak Holdings Bhd – up half a sen at 83.5 sen
Stocks with positive momentum were:
ES Ceramics Technology Bhd – up 11 sen at 93 sen
NTPM Holdings Bhd – up one sen at 78 sen
Tri-Mode System (M) Bhd – up 2.5 sen at 41.5 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.
The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com