Bursa Malaysia opens slightly lower but rebounds thereafter theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (Aug 12): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon close today. Three stocks displayed positive momentum, while one showed negative momentum. Stocks with positive momentum were: Fitters Diversified Bhd – up two sen at 38 sen Greatech Technology Bhd – up 34 sen at RM7.39 Wegmans Holdings Bhd – down 0.5 sen at 30 sen Stock with negative momentum was: TAFI Industries Bhd – up three sen at RM2.18
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Based on corporate announcements and news flow today, companies in focus tomorrow may include: Kuala Lumpur Kepong Bhd, IJM Plantations Bhd, Malaysia Smelting Corp Bhd, Top Glove Corp Bhd, Eversendai Corp Bhd, MSM Malaysia Holdings Bhd, Greatech Technology Bhd, Tiong Nam Logistics Holdings Bhd, Central Global Bhd, Yinson Holdings Bhd, Kejuruteraan Asastera Bhd, MQ Technology Bhd, Handal Energy Bhd and Fitters Diversified Bhd.
The stocks with negative momentum were:
CI Holdings Bhd up 18 sen at RM2.65
Matrix Concepts Holdings Bhd up six sen at RM2.02
Privasia Technology Bhd up eight sen at 34 sen
Sedania Innovator Bhd up 16 sen at RM1.36
Securemetric Bhd up 1.5 sen at 18 sen
Sand Nisko Capital Bhd up 16 sen at 94 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.