KUALA LUMPUR (June 26): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock displayed positive momentum while 10 showed negative momentum. 

The stock with positive momentum was: 

Anzo Holdings Bhd — up 3 sen at 18 sen

Stocks with negative momentum were: 

Ajinomoto (M) Bhd — up 74 sen at RM15.74

Chin Hin Group Property Bhd — down 2.5 sen at 34.5 sen 

Diversified Gateway Solutions Bhd (DGSB) — up 2 sen at 12 sen

Oversea Enterprise Bhd — up 1.5 sen at 21 sen

Pansar Bhd — up 3.5 sen at 94 sen 

Pasukhas Group Bhd — up 0.5 sen at 4.5 sen 

Prestar Resources Bhd — up 1 sen at 41 sen

Rev Asia Bhd — up 1 sen at 22.5 sen

Ta Win Holdings Bhd — unchanged at 10 sen

TechnoDex Bhd — up 0.5 sen at 6.5 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