KUALA LUMPUR (July 20): theedgemarkets.com highlighted 18 stocks at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum while 17 stocks showed negative momentum.

The stock with positive momentum was:

Nexgram Holdings Bhd – up 1.5 sen at 4.5 sen

The stocks with negative momentum were:

Astral Asia Bhd  – up half a sen at 12.5 sen

Ancom Bhd – up two sen at 82 sen

Ancom Logistics Bhd – up 12 sen at 54.5 sen

Boustead Plantations Bhd – up two sen at 39.5 sen

BP Plastics Holdings Bhd – up nine sen at RM1.33

Daya Materials Bhd – up one sen at 2.5 sen

EA Holdings Bhd – up one sen at 3.5 sen

Kenanga Investment Bank Bhd – up 5.5 sen at 67 sen

Mlabs Systems Bhd – up half a sen at six sen

Orion IXL Bhd – up one sen at eight sen

Peterlabs Holdings Bhd – up one sen at 24 sen

Salcon Bhd – unchanged at 22.5 sen

Scanwolf Corp Bhd – up one sen at 23 sen

Technodex Bhd – up half a sen at eight sen

TSH Resources Bhd – up four sen at 98.5 sen

Versatile Creative Bhd – up 4.5 sen at 66.5 sen

Xian Leng Holdings Bhd – up 4.5 sen at 54 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