KUALA LUMPUR (Aug 14): theedgemarkets.com has highlighted two stocks with momentum at afternoon market close today. 

 

Lingkaran Trans Kota Holdings Bhd showed a positive momentum while Luxchem Corporation Bhd showed a negative momentum. 

 

Lingkaran Trans Kota Holdings Bhd (fundamental: 2; valuation: 1.5) gained 11 sen or 2.37% at RM4.75 with 702,700 shares traded. 

 

Luxchem Corporation Bhd (fundamental: 1.7; valuation: 2.4) gained six sen or 5% to settle at RM1.26 with some 3.92 million shares changed hands. 

 

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.