KUALA LUMPUR (Oct 7): theedgemalaysia.com highlighted six stocks with negative momentum at Bursa Malaysia’s afternoon close on Wednesday. 

The stocks with negative momentum were:

Adventa Bhd (KL:ADVENTA) — down 0.5 sen or 3.03% at 16 sen
Careplus Group Bhd (KL:CAREPLS) — down 0.5 sen or 5.56% at 8.5 sen
Comfort Gloves Bhd (KL:COMFORT) — down 0.5 sen or 2.86% at 17 sen
Supermax Corp Bhd (KL:SUPERMX) — unchanged at 46 sen
Top Glove Corp Bhd (KL:TOPGLOV) — down two sen or 2.29% at 85.5 sen
United U-LI Corp Bhd (KL:ULICORP) — up one sen or 0.72% at RM1.37,

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.

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