KUALA LUMPUR (June 10): theedgemarkets.com highlighted 23 stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock displayed positive momentum while the other 22 stocks showed negative momentum.

The stock with positive momentum was:

Texchem Resources Bhd - up 1 sen or 1.96% at 52 sen

Stocks with negative momentum were:

Advancecon Holdings Bhd - up 1 sen or 2.33% at 44 sen

Ann Joo Resources Bhd - up 6 sen or 7.84% at 82.5 sen

Apex Equity Holdings Bhd - up 3 sen or 2.94% at RM1.05

ATA IMS Bhd - up 10 sen or 8.93% at RM1.22

BTM Resources Bhd - up 1 sen or 8.70% at 12.5 sen

Federal International Holdings Bhd - up 3.5 sen or 8.86% at 43 sen

Genetec Technology Bhd - up 9 sen or 5.96% at RM1.60

Inta Bina Group Bhd - up 2 sen or 9.09% at 24 sen

JAG Bhd - down 1 sen or 10.53% at 8.5 sen

Lion Industries Corp Bhd - up 5.5 sen or 19.64% at 33.5 sen

MCE Holdings Bhd - up 4.5 sen or 9.78% at 50.5 sen

Mieco Chipboard Bhd - up 1.5 sen or 6.00% at 26.5 sen

Gagasan Nadi Cergas Bhd - up 1.5 sen or 5.45% at 29 sen

Pesona Metro Holdings Bhd - up 2 sen or 8.51% at 25.5 sen

Poh Huat Resources Holdings Bhd - up 5 sen or 4.67% at RM1.12

Radiant Globaltech Bhd - up 8.5 sen or 27.42% at 39.5 sen

Scicom (MSC) Bhd - up 1 sen or 0.97% at RM1.04

See Hup Consolidated Bhd - up 4 sen or 4.55% at 92 sen

Tashin Holdings Bhd - up 4 sen or 23.53% at 21 sen

Tri-Mode System (M) Bhd - up 2.5 sen or 7.58% at 35.5 sen

Vizione Holdings Bhd - up 7 sen or 14.89% at 54 sen

Vsolar Group Bhd - up 0.5 sen or 11.11% at 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.