KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Quick Summary
Three stocks flagged with positive momentum
Four stocks showed negative momentum signals
Signals are based on volume and price build-up, not buy/sell calls
Momentum trades are typically short-lived
Positive Momentum Stocks
Advance Information Marketing Bhd (AIM)
Unchanged at 6 sen
Flagged due to volume surge despite flat price
Ralco Corporation Bhd (RALCO)
+1 sen (+1%) to RM1.01
Syarikat Takaful Malaysia Keluarga Bhd (TAKAFUL)
+3 sen (+0.88%) to RM3.42
These counters are seeing stronger-than-usual buying activity.
Negative Momentum Stocks
APM Automotive Holdings Bhd (APM)
+4 sen (+1.18%) to RM3.43
British American Tobacco (Malaysia) Bhd (BAT)
+67 sen (+12.25%) to RM6.14
Bintai Kinden Corporation Bhd (BINTAI)
+0.5 sen (+5%) to 10.5 sen
Milux Corporation Bhd (MILUX)
+3.5 sen (+6.86%) to 54.5 sen
Despite price gains in some names, the algorithm detected volume patterns suggesting weakening momentum.
How to Read This
The proprietary algorithm flags:
+ve momentum → Rising price trend supported by strong volume
-ve momentum → Volume build-up suggesting possible exhaustion or reversal
Important:
This is not a buy or sell recommendation. Momentum signals often last only a short period, and price direction can reverse quickly.
Bottom Line
Bursa’s midday activity shows selective volume spikes across small- and mid-cap names. Traders should monitor whether buying pressure sustains — as momentum fades fast without follow-through.
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