KUALA LUMPUR (Jan 12): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia's afternoon market close today. All nine showed negative momentum.
 
The stocks with negative momentum were:

Boon Koon Group Bhd - unchanged at 14 sen

EG Industries Bhd - up two sen at 90.5 sen

GFM Services Bhd - up six sen at 53 sen

Hap Seng Plantations Holdings Bhd - up one sen at RM2.64

Notion VTec Bhd - up 0.5 sen at 69.5 sen

Sanbumi Holdings Bhd - up one sen at 14.5 sen

Scomi Group Bhd - unchanged at 16.5 sen

SYF Resources Bhd - up 1.5 sen at 62 sen

WCE Holdings Bhd - up five sen at 97.5 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.