KUALA LUMPUR (Sept 14): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday. All five stocks indicated negative momentum.
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 Wednesday, companies in focus on Thursday (Oct 21) may include: CIMB Group Holdings Bhd, George Kent (Malaysia) Bhd, Bintai Kinden Corp Bhd, Tenaga Nasional Bhd (TNB), Daya Materials Bhd, Hua Yang Bhd, Classic Scenic Bhd, Pestech International Bhd, Sime Darby Bhd, Carimin Petroleum Bhd, KIP Real Estate Investment Trust, SKB Shutters Corp Bhd, Mah Sing Group Bhd, FGV Holdings Bhd and Ageson Bhd.
The stocks with positive momentum were:
Signature International Bhd – up 10 sen to 94.5 sen
MTD ACPI Engineering Bhd – up one sen to 28 sen
The stocks with negative momentum were:
Bumi Armada Bhd – up three sen to 42.5 sen
Chin Hin Group Bhd – up three sen to RM1.71
Classic Scenic Bhd – up two sen to RM1.52
Innity Corporation Bhd – up 17 sen to 76 sen
Industronics Bhd – up 19.5 sen to 67.5 sen
MSM Malaysia Holdings Bhd – up 22 sen to RM1.2
PWF Corp Bhd – up two sen to 59 sen
Silver Ridge Holdings Bhd – down one sen to 78 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.