KUALA LUMPUR (June 11): theedgemarkets.com highlighted 21 stocks with momentum at Bursa Malaysia’s afternoon market close today. All stocks displayed negative momentum. 

Stocks with negative momentum were: 

Aemulus Holdings Bhd — down 1 sen or 3.64% at 26.5 sen

Ancom Logistics Bhd — down 0.5 sen or 5.26% at 9 sen

AT Systematization Bhd — up 4.5 sen or 36% at 17 sen 

BTM Resources Bhd — up 2 sen or 16% at 14.5 sen 

ConnectCounty Holdings Bhd — up 5.5 sen or 26.19% at 26.5 sen

Dancomech Holdings Bhd — up 2.5 sen or 6.02% at 44 sen

E.A. Technique (M) Bhd — up 2 sen or 5.06% at 41.5 sen

Iconic Worldwide Bhd — up 2 sen or 6.25% at 34 sen

I-Stone Group Bhd — up 1.5 sen or 8.33% at 19.5 sen 

Luster Industries Bhd — up 2 sen or 20% at 12 sen 

Muar Ban Lee Group Bhd — up 1 sen or 0.7% at RM1.44 

Mikro MSC Bhd — down 0.5 sen or 2.44% at 20 sen 

Rexit Bhd — unchanged at 57.5 sen 

Salcon Bhd — up 0.5 sen or 2.94% at 17.5 sen

Sealink International Bhd — down 4 sen or 10.81% at 33 sen 

Sern Kou Resources Bhd — up 3 sen or 3.06% at RM1.01 

Spring Art Holdings Bhd — up 1 sen or 5.71% at 18.5 sen 

Superlon Holdings Bhd — up 1 sen or 1.39% at 73 sen 

Techfast Holdings Bhd — down 2 sen or 4.71% at 40.5 sen

Wegmans Holdings Bhd — up 1 sen or 5.26% at 20 sen 

Yi-Lai Bhd — up 6 sen or 6.52% at 98 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.