Artroniq, AT Systematization, Cabnet, Hextar, Hup Seng Industries, Integrated Logistics, Kein Hing, Kumpulan Perangsang Selangor, Salcon, Sapura Industrial, Sungei Bagan Rubber
KUALA LUMPUR (Nov 13): theedgemarkets.com highlighted 11 stocks with negative momentum at Bursa Malaysia’s afternoon break today.
The stocks with negative momentum were:
Artroniq Bhd – rose three sen to 30 sen
AT Systematization Bhd – rose 2.5 sen to 24.5 sen
Cabnet Holdings Bhd – rose 0.5 sen to 24.5 sen
Hextar Global Bhd – rose three sen to 77 sen
Hup Seng Industries Bhd – rose 1.5 sen to 96 sen
Integrated Logistics Bhd – rose nine sen to 75.5 sen
Kein Hing International Bhd – rose 2.5 sen to 52 sen
Kumpulan Perangsang Selangor Bhd - rose six sen to 80.5 sen
Salcon Bhd – fell two sen to 36 sen
Sapura Industrial Bhd – rose 9.5 sen to 65.5 sen
Sungei Bagan Rubber Co (M) Bhd – fell three sen to RM2.67
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.