KUALA LUMPUR (July 26): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum, while seven showed negative momentum.

The stock with positive momentum was:

Encorp Bhd — up three sen at 33.5 sen

The stocks with negative momentum were:

Efficient E-Solutions Bhd — up two sen at 25 sen

MMIS Bhd — up 1.5 sen at 27 sen

GUH Holdings Bhd — up 10 sen at 61 sen

Xin Hwa Holdings Bhd — up 1.5 sen at 46 sen 

TAFI Industries Bhd — up five sen at RM1.58 

Ken Holdings Bhd — up five sen at 73 sen 

EP Manufacturing Bhd — up 3.5 sen at 70.5 sen

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.

However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks if they want to ride the momentum.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com