KUALA LUMPUR (Jan 3): theedgemarkets.com highlighted 13 stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday (Jan 3). Only two stocks displayed positive momentum, while the other 11 indicated negative momentum.
The stocks with positive momentum were:
- Poh Huat Resources Holdings Bhd — up two sen at RM1.39
- Citaglobal Bhd — up four sen at 33 sen
The stocks with negative momentum were:
- JAG Bhd — unchanged at 36 sen
- MHC Plantations Bhd — down two sen at 99 sen
- Poh Kong Holdings Bhd — up three sen at 84 sen
- Hextar Technologies Solutions Bhd — up RM2.78 at RM19.84
- Sarawak Cable Bhd — up half a sen at seven sen
- Tune Protect Group Bhd — up 2.5 sen at at 34 sen
- AirAsia X Bhd (AAX) — up three sen to 60 sen
- Golden Pharos Bhd — up two sen at 24 sen
- MCE Holdings Bhd — up two sen at RM1.37
- Niche Capital Emas Holdings Bhd — up half a sen at 14 sen
- FM Global Logistics Holdings Bhd — up one sen at 56 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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com