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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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Stocks with Momentum: PLB, Analabs, Magni-Tech, Classita, Cypark

Key Takeaway: Five stocks at Bursa Malaysia exhibited negative momentum as of the afternoon close on Tuesday, with varied price and volume movements identified using a proprietary algorithm.



Stocks with Negative Momentum:

  1. PLB Engineering Bhd (KL):

    • Price Movement: Up 1 sen (+0.88%) to RM1.15.

  2. Analabs Resources Bhd (KL):

    • Price Movement: Up 1 sen (+0.54%) to RM1.86.

  3. Magni-Tech Industries Bhd (KL):

    • Price Movement: Unchanged at RM2.54.

  4. Classita Holdings Bhd (KL):

    • Price Movement: Unchanged at 6.5 sen.

  5. Cypark Resources Bhd (KL):

    • Price Movement: Unchanged at 90 sen.

Insights on Momentum:

  • The negative momentum indicator suggests a potential declining trend in price on increased trading volume.
  • Momentum typically persists for a short period, and price movement could shift in either direction.

Evaluation Tips:

  • This list is not a buy or sell recommendation. Investors should review each stock’s fundamental and valuation scores for a better understanding of its potential.
  • For in-depth financial reports and analysis, readers can access tools like AbsolutelyStocks.


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