KUALA LUMPUR (Jan 18): theedgemarkets.com highlighted 16 stocks at Bursa Malaysia’s afternoon close today. 14 stocks indicated negative momentum while two are positive momentum.

The stocks with negative momentum were:

BSL Corp Bhd - up two sen at 73 sen

Cheetah Holdings Bhd - up 1.5 sen at 80.5 sen

Edaran Bhd - up 6.5 sen at 51 sen

Genetech Technology Bhd - up 60 sen at RM2.63

Kenanga Investment Bank Bhd - up five sen at RM1.14

Kobay Technology Bhd  - up 72 sen at RM5.07

Kumpulan Powernet Bhd - up 22 sen at RM2.79

OCB Bhd - up five sen at 67.5 sen

Oversea Enterprise Bhd - up two sen at 76 sen

PMB Technology Bhd - up 45 sen at RM5.15

Resintech Bhd - up 5.5 sen at 43 sen

Sarawak Consolidated Industries Bhd - up 34 sen at RM2.04

TMC Life Sciences Bhd - up 4.5 sen at 72.5 sen

Toyo Ventures Holdings Bhd - up 21 sen at RM2.86

The stocks with positive momentum were:

Ge-Shen Corp Bhd - up 22 sen at RM1.17

Success Transformer Corp Bhd - up nine sen at 82 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.