Wednesday 31 May 2023
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KUALA LUMPUR (Feb 8): highlighted 20 stocks with momentum at Bursa Malaysia's afternoon close today. Three stocks displayed positive momentum while the remaining 17 stocks indicated negative momentum.

The stocks with positive momentum were:

B.I.G. Industries Bhd – up 7.5 sen at 64 sen

Mesiniaga Bhd – down two sen at RM1.65

Techbond Group Bhd – up 23 sen at RM1.73

The stocks with negative momentum were:

Central Global Bhd – up 29 sen at RM1.24

Chin Hin Group Property Bhd – up 14 sen at 88 sen

Dagang NeXchange Bhd (DNeX) – up five sen at 33 sen

Eksons Corp Bhd – up 2.5 sen at 66 sen

Focus Lumber Bhd – up 3.5 sen at 87 sen

Grand Hoover Bhd – up 16 sen at RM1.01

Kein Hing International Bhd – up 9.5 sen at 76.5 sen

Kerjaya Prospek Property Bhd – up 11.5 sen at RM1.10

Mentiga Corp Bhd – up nine sen at 97.5 sen

Multi-Usage Holdings Bhd – up eight sen at 65 sen

Pimpinan Ehsan Bhd – up one sen at 96.5 sen

PJBumi Bhd – up 5.5 sen at 37.5 sen

SKB Shutters Corp Bhd – up three sen at RM1.10

SMIS Corp Bhd – down half a sen at 63.5 sen

Teo Guan Lee Corp Bhd – down two sen at RM1.51

Timberwell Bhd – up 19.5 sen at 70.5 sen

Woodlandor Holdings Bhd – up 29 sen at RM1

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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at

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