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KUALA LUMPUR (Oct 16): theedgemarkets.com highlighted 13 stocks at the Bursa Malaysia afternoon close today. Twelve stocks showed negative momentum, while the remaining stock showed negative momentum.
The negative momentum stocks were:
Amtel Holdings Bhd – up to 10 sen at RM1.33
Rank A Bhd: a sin greater than 51.5 sen
Cam Resources Bhd: up to five sen in 28 sen
Homeritz Corp Bhd: up four sen in 83 sen
HPMT Holdings Bhd: one sen higher than 37 sen
Kanger International Bhd: down one sen by 20 sen
Mah Sing Group Bhd – 19.5 sen above and 92 sen
Nextgreen Global Bhd – 42 sen unchanged
Paragon Union Bhd – up to half a sen in 30 sen
Tomypak Holdings Bhd – up to 3.5 sen 87.5 sen
Tri-Mode (M) Bhd system – two sen up to 44 sen
YBS International Bhd: up 1 cent to 16.5 cents
Actions with positive momentum were:
ACME Holdings Bhd: up to 3.5 sen to 41.5 sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm that highlights stocks with an accumulation in trading volume and price. The algorithm differentiates between stocks that exhibit a positive momentum (+ ve) and a negative momentum (-ve).
This list is not a buy or sell recommendation. It simply tells you which stocks are experiencing higher than normal volume and price movements.
The share price can go up or down from this point. But the “+ ve” (suggesting an upward trend in price in volume) and “-ve” (suggesting a downward trend in price in volume) indicators should give readers a better idea of what to expect. the market is buying and when to sell. Also note that the urge generally only persists for a short period of time.
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