The stocks with negative momentum were:
Central Global Bhd up 10 sen at 80 sen
Eita Resources Bhd up 28 sen at RM3.33
Federal Intl Holdings Bhd up six sen at 54.5 sen
Hwa Tai Industries Bhd up 18.5 sen at 65 sen
Paragon Union Bhd up eight sen at RM1.35
Rhone Ma Holdings Bhd up nine sen at 97 sen
The stock with positive momentum was:
Sarawak Consolidated Industries Bhd up 21 sen at RM2.33
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.
The stocks with negative momentum were:
Eng Kah Corp Bhd up five sen at RM1.97
Eupe Corp Bhd up five sen at 94 sen
Globaltech Formation Bhd up six sen at 51 sen
Malaysia Smelting Corp Bhd up 16 sen at RM1.74
Multi-Usage Holdings Bhd up three sen at 65.5 sen
Paragon Union bhd up 23 sen at RM1.20
Rhone Ma Holdings Bhd up 2.5 sen at 87.5 sen
Sarawak Consolidated Industries Bhd up five sen at RM2.19
Scicom (MSC) Bhd down 1.5 sen at 98.5 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.
Technology and manufacturing counters were among the top gainers on Bursa Malaysia today, as investors anticipate higher demand for computer-related products and technology amid global lockdown policies.
The stocks with negative momentum were:
Asia File Corp Bhd up five sen at RM2.16
BSL Corp Bhd up two sen at 69.5 sen
Formosa Prosonic Industries Bhd up 16 sen at RM2.5
Inari Amertron Bhd up 11 sen at RM2.86
Pineapple Resources Bhd down 3.5 sen at 45 sen
Toyo Ventures Holdings Bhd up 37 sen at RM2.7
Xian Leng Holdings Bhd up 4.5 sen at 75.5 sen
YBS International Bhd up 2.5 sen at 21 sen
The stocks with positive momentum were:
KPower Bhd up 22 sen at RM2.44
PRG Holdings Bhd up three sen at 22.5 sen
Sarawak Consolidated Industries Bhd up nine sen at RM1.68
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.
At 9.05am, the FBM KLCI was was up 0.05 points to 1,643.95.
The early gainers included CN Asia Corp Bhd, KPower Bhd, Carlsberg Brewery Malaysia Bhd, Kuala Lumpur Kepong Bhd (KLK), Allianz Malaysia Bhd, Pharmaniaga Bhd, Sarawak Consolidated Industries Bhd. Ajinomoto (Malaysia) Bhd, Greatech Technology Bhd and Duopharma Biotech Bhd.
Bloomberg said Asian stocks opened mostly firmer Tuesday as U.S. equities rallied to records after President Donald Trump backed away from earlier threats and signed a coronavirus aid package.
The dollar slipped with Treasuries, it said.
Inter-Pacific Research Sdn Bhd said Malaysian equities were mostly rangebound yesterday after giving up most of its intraday gains on quick profit taking activities.