CSC Steel, Eonmetall, Hextar, Khind, Malaysian Bulk Carriers, MESB, OKA, PA Resources, Rex Industry, Sapura Resources, Tiong Nam Logistics, Tri-Mode, United U-Li

TheEdge Mon, Nov 23, 2020 02:26pm - 7 months ago

KUALA LUMPUR (Nov 23): highlighted 13 stocks with negative momentum at Bursa Malaysia's afternoon break today.

The stocks with negative momentum were:

CSC Steel Holdings Bhd – down 2.5 sen at 94 sen

Eonmetall Group Bhd – up 12 sen at 71.5 sen

Hextar Global Bhd – up three sen at 81.5 sen

Khind Holdings Bhd – up one sen at RM2.28

Malaysian Bulk Carriers Bhd – up seven sen at 54.5 sen

MESB Bhd – up three sen at 48.5 sen

OKA Corp Bhd – up four sen at 70 sen

PA Resources Bhd – up half a sen at 15.5 sen

Rex Industry Bhd – up 1.5 sen at 20 sen

Sapura Resources Bhd – unchanged at 48 sen

Tiong Nam Logistics Holdings Bhd – up 11 sen at 79 sen

Tri-Mode System (M) Bhd – up 2.5 sen at 53.5 sen

United U-Li Corp Bhd – up 15.5 sen at 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.

Related Stocks

BURSA 8.040
HEXTAR 1.610
KHIND 3.010
MESB 0.460
OKA 0.795
PA 0.435
REX 0.260
SAPRES 0.510


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