KUALA LUMPUR (Jan 9): theedgemalaysia.com highlighted 12 stocks with negative momentum at Bursa Malaysia's afternoon close on Tuesday.
The stocks with negative momentum were:
- Emico Holdings Bhd — up 2.5 sen or 7.25 % to 37 sen
- Focus Lumber Bhd — up one sen or 1.90% to 53.5 sen
- Industronics Bhd — up two sen or 30.77% to 8.5 sen
- JCY International Bhd — up half a sen or 2.08% to 24.5 sen
- Kim Hin Industry Bhd — up one sen or 1.79% to 57 sen
- Master-Pack Group Bhd — up three sen or 0.95% to RM 3.20
- Pan Malaysia Holdings Bhd — up 3.5 sen or 33.33% to 14 sen
- Privasia Technology Bhd — up one sen or 8.70% to 12.5 sen
- Tek Seng Holdings Bhd — up half a sen or 1.52% to 33.5 sen
- TRC Synergy Bhd — unchanged at 39 sen
- TWL Holdings Bhd — up half a sen or 12.50% to 4.5 sen
- YBS International Bhd — up two sen or 2.74% to 75 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.
However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks if they want to ride the momentum.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com