KUALA LUMPUR (April 26): theedgemarkets.com highlighted nine stocks at Bursa Malaysia’s afternoon close today. Seven stocks indicated negative momentum while two stocks indicated positive momentum.
The stocks with negative momentum were:
Tashin Holdings Bhd — up 4.5 sen at 64 sen
Aco Group Bhd — up 0.5 sen at 33 sen
Selangor Dredging Bhd — up 12 sen at 67 sen
Nylex (M) Bhd — up one sen at 86.5 sen
Sasbadi Holdings Bhd — down 0.5 sen at 21 sen
Choo Bee Metal Industries Bhd — up three sen at RM1.66
WZ Satu Bhd — up 1.5 sen at 20.5 sen
The stocks with positive momentum were:
Minda Global Bhd — up two sen at 19 sen
Transocean Holdings Bhd — up RM1 at RM4.34
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.