theedgemarkets.com highlighted seven stocks at Bursa Malaysia's afternoon close on Thursday (Sept 8). One stock had positive momentum, and six had negative momentum.
Based on corporate announcements and news flow on Thursday (Jan 13), companies that will be in focus on Friday (Jan 14) may include AirAsia Group Bhd, Jerasia Capital Bhd, Asia Poly Holdings Bhd, Scomi Group Bhd, Pestech International Bhd, Boustead Holdings Bhd, Pegasus Heights Bhd, Heng Huat Resources Group Bhd, and Tomei Consolidated Bhd.
The stock with positive momentum was:
MK Land Holdings Bhd up 5.5 sen at 27.5 sen
Stocks with negative momentum were:
Asian Pac Holdings Bhd up two sen at 20 sen
Berjaya Corp Bhd down 2.5 sen at 43 sen
Berjaya Land Bhd up one sen at 41.5 sen
Heng Huat Resources Group Bhd up seven sen at 69.5 sen
Jasa Kita Bhd up one sen at 12.5 sen
JKG Land Bhd up three sen at 13.5 sen
MCT Bhd up five sen at 34.5 sen
SHL Consolidated Bhd up eight sen at RM2.09
Silver Ridge Holdings Bhd up one sen at 90 sen
Tasco Bhd up six sen at RM1.11
The stocks with negative momentum were:
Bintulu Port Holdings Bhd up 16 sen at RM4.20
Chuan Huat Resources Bhd up 4.5 sen at 46.5 sen
Federal International Holdings Bhd unchanged at 60 sen
Heng Huat Resources Group Bhd up 5.5 sen at 53 sen
Iris Corp Bhd down 3.5 sen at 40 sen
Malayan Flour Mills Bhd up eight sen at 98 sen
Rhone Ma Holdings Bhd down 10 sen at 94 sen
SDS Group Bhd up 1.5 sen at 26 sen
See Hup Consolidated Bhd up 37 sen at RM1.62
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.