By

KUALA LUMPUR (Jan 15): theedgemalaysia.com highlighted one stock with positive momentum and six stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.

The stock with positive momentum was:

Resintech Bhd — up two sen or 3.67% at 56 sen.

The stocks with negative momentum were:
PA Resources Bhd — up 1.5 sen or 4.92% at 32 sen;
KKB Engineering Bhd — up 15 sen or 9.32% at RM1.76;
Fast Energy Holdings Bhd — down 2.5 sen or 14.71% at 14 sen;
Insas Bhd — up 17 sen or 17.59% at RM1.17;
Eastern & Oriental Bhd (E&O) — up 9.5 sen or 12.34% at 86 sen;
Tambun Indah Land Bhd — up 2.5 sen or 2.78% at 92 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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com