ARank, Cheetah, Glotec, Khind, MESB, Ruberex, SWSCap, Tasco, ASB

KUALA LUMPUR (Oct 13): : theedgemarkets.com highlighted nine stocks at Bursa Malaysia’s afternoon close today. Eight stocks indicated negative momentum while one stock with positive momentum.

The stocks with negative momentum were:

A-Rank Bhd - up three sen at 49sen

Cheetah Holdings Bhd - unchanged at 35sen

Glotec Formation Bhd - up five sen at 50sen

Khind Holdings Bhd - up six sen at RM2.2

MESB Bhd -up 10.5sen at 45.5sen

Rubberex Corp Bhd - up 37sen at RM6.85

SWS Capital Bhd - up 3.5 sen at 64.5sen

Tasco Bhd - down five sen at RM1.89

The stocks with positive momentum was:

Advance Synergy Bhd - up 4.5 sen at 25sen

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.