Unusual trading volume recorded in selected Bursa Malaysia stocks
Unusual trading activity drew market attention on 28 Oct, as several Bursa Malaysia stocks traded above their respective normal daily levels. This measure compares current trading volume with the 200-day average volume and is updated every 15 minutes.
Highlights
- BURSA:AXTERIA surged 12.82% to 0.220, supported by trading volume that was unusual compared with the past 200-day average.
- BURSA:KRETAM fell 2.27% to 0.645 and BURSA:MATRIX dropped 4.85% to 0.980 despite recording unusual trading volume.
- Other active counters, such as BURSA:HARNLEN, held at 0.470, while BURSA:AMEREIT was unchanged at 1.600 despite stronger trading sentiment.
This article was translated from the original. Read the original version by our correspondent here.
Notable moves among actively traded stocks
As reported by The Edge Malaysia, several stocks recorded unusual trading volume today, with mixed price movements among selected counters.BURSA:KRETAM fell 2.27% to 0.645, while BURSA:AXTERIA rose 12.82% to 0.220. BURSA:HARNLEN held at 0.470 and BURSA:AMEREIT was unchanged at 1.600, while BURSA:MATRIX fell 4.85% to 0.980.
Trading sentiment indicators
Unusual volume measures the extent to which a stock's trading activity exceeds its normal daily level, based on its average trading volume over the past 200 days.This indicator can help investors assess market interest in a particular stock on the day, especially when a volume move is accompanied by a notable price change or when prices remain flat despite increased trading activity.
In our earlier Bursa midday trading roundup Malaysia, we used a proprietary algorithm to identify counters showing momentum based on a combination of price changes and unusual trading volume. The article emphasized that momentum signals (positive or negative) are only indicators of market movements, not buy or sell recommendations, and noted that such signals are typically temporary.