KUALA LUMPUR (Aug 13): theedgemarkets.com highlighted 12 stocks at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while 11 stocks showed negative momentum.

The stock with positive momentum was:

Leweko Resources Bhd – up four sen at 22 sen

Stocks with negative momentum were:

Asia Media Group Bhd – up 1.5 sen at 9.5 sen

Bina Darulaman Bhd – up two sen at 32 sen

DPS Resources Bhd – up three sen at 11.5 sen

Evergreen Fibreboard Bhd – up 3.5 sen at 26 sen

Focus Lumber Bhd – up nine sen at RM1.02

Lii Hen Industries Bhd – up 13 sen at RM2.99

Priceworth International Bhd – up half a sen at four sen

RGB International Bhd – up half a sen at 16.5 sen

Saudee Group Bhd – up 9.5 sen at 61.5 sen

Subur Tiasa Holdings Bhd – up 7.5 sen at 61.5 sen

WTK Holdings Bhd – up 2.5 sen at 51.5 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