KUALA LUMPUR (July 3): theedgemarkets.com has highlighted six stocks with momentum at afternoon market close today. Four of the stocks show positive momentum while two show negative momentum.

 

Stocks with positive momentum are:

 

Asia Poly Holdingds Bhd (fundamental: 0.55; valuation: 0.5) was unchanged at 63 sen, for a market capitalisation of RM55.39 million. 

 

Kim Hin Industry Bhd (fundamental: 2.5; valuation: 2.6) up 2 sen or 1.02% to trade at RM1.98, with a market capitalisation of RM274.87 million.

 

Taliworks Corporation Bhd (fundamental: 1.3; valuation: 2.4) settled unchanged at RM3, bringing its market capitalisation to RM1.311 billion. 

 

Jerasia Capital (fundamental: 0.8; valuation: 1.7) down 5 sen or 4.81% at 99 sen, giving it a market capitalisation of RM85.33 million. 

 

Stocks with negative momentum are:

 

NCB Holdings Bhd (fundamental: 2.05; valutaion: 0.8) unchanged at RM3.60, for a market capitalisation of RM3.60. 

 

Xian Leng Holdings Bhd (fundamental: 1.35; valuation: 0.9) up 1.5 sen or 2.56% higher at 60 sen, with a market capitalisation of 42.32 million. 

 

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.