KUALA LUMPUR (Oct 21): theedgemarkets.com highlighted 12 stocks at Bursa Malaysia’s afternoon close today. Ten stocks indicated negative momentum while two stocks had positive momentum.

The stocks with negative momentum were:

Ahmad Zaki Resources Bhd (AZRB) — unchanged at 21.5 sen

Diversified Gateway Solutions Bhd — up 1.5  sen at 21 sen

Formosa Prosonic Industries Bhd — up six sen at RM1.64

Hiap Teck Venture Bhd — down one sen at 20 sen

Luster Industries Bhd — down 3.5 sen at 19 sen

OKA Corp Bhd — up one sen at 61.5 sen

Pantech Group Holdings Bhd — unchanged at 43 sen

SHH Resources Holdings Bhd — up 15.5 sen at RM1.02

Tasco Bhd — down one sen at RM2.02

United U-Li Corp Bhd — up 1.5 sen at 45 sen

The stocks with positive momentum were:

LBI Capital Bhd — up two sen at 66 sen

Tiong Nam Logistics Holdings Bhd — up two sen at 53 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.

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