KUALA LUMPUR, (June 25): theedgemarkets.com has highlighted eight stocks with momentum at afternoon market close today. All eight stocks show negative momentum.

Stocks with negative momentum are:

Heng Huat Resources Group (fundamental: N/A; valuation: N/A) flat to 70 sen.

Malpac Holdings Bhd (fundamental: 1.2; valuation: 0.9) down 2 sen to RM1.78 sen.

Engtex Group Bhd (fundamental: 0.9; valuation: 1.8) up 3 sen to RM1.12.

Saudee Group Bhd (fundamental: 0.35; valuation: 0.3) up 0.5 sen to 57.5 sen.

United U-Li Corporation Bhd (fundamental: 3.0; valuation: 1.7) up 38 sen to RM4.22.

Y.S.P.Southeast Asia Holding (fundamental: 2.5; valuation: 2.0) up 9 sen to RM2.59.

Magna Prima Bhd (fundamental: 1.10; valuation: 1.4) up 3 sen to RM1.23.

Jerasia Capital Bhd (fundamental: 0.8; valuation: 1.7) up 2 sen to 86 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.)