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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
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GDEX, Seal, and Malakoff Show Positive Momentum on Bursa Malaysia


Three stocks with positive momentum at Bursa Malaysia's afternoon close on Thursday. There were no stocks with negative momentum.

The stocks exhibiting positive momentum were:

  • GDEX Bhd (KL): Unchanged at 17 sen
  • Seal Incorporated Bhd (KL): Up four sen or 4.73% at 88.5 sen
  • Malakoff Corp Bhd (KL): Up two sen or 2.15% at 95 sen

The list of stocks with momentum is generated using a proprietary mathematical algorithm that highlights stocks with a build-up in trading volume and price movements. This algorithm distinguishes between stocks showing positive (+ve) momentum (indicating a rising price trend on volume) and negative (-ve) momentum (indicating a falling price trend on volume).

This list does not serve as a buy or sell recommendation but rather indicates which stocks are experiencing higher-than-normal volume and price movements. While the share price may fluctuate, the "+ve" and "-ve" indicators provide insights into the market's current buying trends and potential selling points. However, it is important to note that momentum typically only persists for a short period.

Each stock also comes with a fundamental score and a valuation score to help investors assess the attractiveness of the stocks if they wish to capitalize on the momentum.

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