Five stocks indicated negative momentum while one displayed positive momentum

Six stocks at Bursa Malaysia’s afternoon close today. Five stocks indicated negative momentum while one displayed positive momentum.

The stocks with negative momentum were:

Cheetah Holdings Bhd — down two sen at 74 sen

GUH Holdings Bhd — up one sen at 52 sen

Multi-usage Holdings Bhd — down 1.5 sen at 38 sen

PIE Industry Bhd — up 36 sen at RM3.02

PNE PCB Bhd — fell 9.5 sen at 75.5 sen

The stock with positive momentum was:

Silver Ridge Holdings Bhd — up one sen at 60.5 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.