Thursday 28 Mar 2024
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KUALA LUMPUR (Jan 9): theedgemarkets.com highlighted 13 stocks with momentum at Bursa Malaysia’s afternoon close on Monday (Jan 9). Two stocks showed positive momentum, while the other 11 displayed negative momentum.

The stocks with positive momentum were:

  • P.A Resources Bhd - up one sen at 29.5 sen
  • SWS Capital Bhd - up three sen at 35.5 sen

The stocks with negative momentum were:

  • Ajiya Bhd - up two sen at RM1.70
  • FM Global Logistics Holdings Bhd - up 2.5 sen at 59.5 sen
  • Hextar Global Bhd - up six sen at RM2.47
  • Ken Holdings Bhd - unchanged at 58.5 sen
  • LB Aluminium Bhd - unchanged at 59.5 sen
  • Malakoff Corp Bhd - unchanged at 66.5 sen
  • Nylex (Malaysia) Bhd - up 5.5 sen at 43 sen
  • Protasco Bhd - up half a sen at 20 sen
  • Salcon Bhd - up 1.5 sen at 22 sen
  • Sand Nisko Capital Bhd - down one sen at 38 sen
  • UMS-Neiken Group Bhd - up three sen at RM1.03

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

Edited BySurin Murugiah
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