KUALA LUMPUR, (July 24): theedgemarkets.com has highlighted 16 stocks with momentum at afternoon market close today. All 16 stocks show negative momentum.

Stocks with negative momentum are:
 

Microlink Solutions Bhd (fundamental: 2.10; valuation: 0.20) down 1 sen at RM1.81 sen.

JHM Consolidation Bhd (fundamental: 0.35; valuation: 0) up 3 sen at 55 sen.

TAHPS Group Bhd (fundamental: 2.70; valuation: 0.50) up 25 sen at RM7.85 sen.

Cycle & Carriage Bintang Bhd (fundamental: 1.70; valuation: 1.10) up 2 sen at RM3.48 sen.

Kim Loong Resources Bhd (fundamental: 2.50; valuation: 1.40) up 2 sen at RM2.95 sen.

LCTH Corporation Bhd (fundamental: 2.70; valuation: 0.50) up 2.5 sen at 67 sen.

Yoong Onn Corporation Bhd (fundamental: 2.80; valuation: 1.80) up 3 sen at RM1.08 sen.

Focus Lumber Bhd (fundamental: 1.45; valuation: 1.80) down 1 sen at RM1.69 sen.

Solid Authomotive Bhd (fundamental: N/A; valuation: N/A) up 8 sen at RM1.77 sen.

Caley Holdings Bhd (fundamental: 1.40; valuation: 1.40) up 1.5 sen at 58.5 sen.

Wellcall Holdings Bhd (fundamental: 3.00; valuation: 2.10) up 4 sen at RM2.01 sen.

Rubberex Corporation (M) Bhd (fundamental: 1.40; valuation: 2.60) flat at 79.5 sen.

Denko Industrial Corporation (fundamental: 0.80; valuation: 0.90) up 4.5 sen at 45.5 sen.

Emico Holdings Bhd (fundamental: 1.40; valuation: 1.50) up 0.5 sen at 27 sen.

Multi-Usage Holdings Bhd (fundamental: 3.00; valuation: 1.50) up 13 sen at RM1.37 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.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)