Wednesday 31 May 2023
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KUALA LUMPUR (June 15): highlighted three stocks with negative momentum at Bursa Malaysia’s afternoon close on Wednesday (June 15).

The stocks with negative momentum were:

Berjaya Land Bhd — up half a sen at 23 sen

Amlex Holdings Bhd — unchanged at 40 sen

Carzo Holdings Bhd — up nine sen at RM1.82

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.

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

Edited BySurin Murugiah
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