GPA, PA, Dolphin, DPI, Hong Leong Bank, Hubline, Inix, JKG, Johan, Media Prima, Minda, MQ, PDZ, Perak Corp, SC Estate, Technodex, Tompyak, Toyo Ink

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KUALA LUMPUR (July 8): theedgemarkets.com has highlighted 18 stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks displayed positive momentum, while 16 showed negative momentum.

Stocks with positive momentum were:

GPA Holdings Bhd — up two sen at 11.5 sen 

PA Resources Bhd — up one sen at seven sen 

Stocks with negative momentum were: 

Dolphin International Bhd — rose two sen to 13.5 sen 

DPI Holdings Bhd — rose half a sen to 18 sen 

Hong Leong Bank Bhd — rose eight sen to RM14.54

Hubline Bhd — rose half a sen to 7.5 sen 

Inix Technologies Holdings Bhd — rose two sen to nine sen 

JKG Land Bhd — rose one sen to eight sen 

Johan Holdings Bhd — unchanged at 7.5 sen 

Media Prima Bhd — rose 1.5 sen to 17.5 sen 

Minda Global Bhd — rose half a sen to 5.5 sen 

MQ Technology Bhd — rose one sen to 7.5 sen 

PDZ Holdings Bhd — rose nine sen to18 sen 

Perak Corp Bhd — rose 1.5 sen to 17.5 sen 

SC Estate Builder Bhd — rose half a sen to four sen 

Technodex Bhd — rose two sen to eight sen 

Tompyak Holdings Bhd — rose seven sen to 64.5 sen 

Toyo Ink Group Bhd — rose 10 sen to 80 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