KUALA LUMPUR (June 1): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday (June 1). Four stocks displayed positive momentum, while the other four showed negative momentum.

The stocks with positive momentum were:

Genting Bhd — up 55 sen at RM5.30

Kumpulan FIMA Bhd — up 10 sen at RM2.58

Lii Hen Industries Bhd — up five sen at RM3.10

PGF Capital Bhd — up seven sen at RM1.06

The stocks with negative momentum were:

Genting Malaysia Bhd (GenM) — up four sen at RM3.04

IFCA MSC Bhd — up one sen at 31 sen

Hektar REIT — up 1.5 sen at 56 sen

Public Packages Holdings Bhd — unchanged at 81 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.

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