KUALA LUMPUR (July 10): theedgemarkets.com highlighted 13 stocks with momentum at Bursa Malaysia’s afternoon close today. Four stocks displayed positive momentum while nine showed negative momentum.

Stocks with positive momentum were:

Censof Holdings Bhd – up two sen or 17.39% at 13.5 sen

Gunung Capital Bhd – up five sen or 9.09% at 60 sen

Ta Win Holdings Bhd – down one sen or 4.88% at 14 sen

Texchem Resources Bhd – up 11 sen or 23.66% at 57.5 sen

Stocks with negative momentum were:

Daya Materials Bhd – down half a sen or 50% at half a sen

Dagang NeXchange Bhd – up four sen or 18.6% at 25.5 sen

Luxchem Corp Bhd – up 8 sen or 11.19% at 79.5 sen

Oversea Enterprise Bhd – up 1.5 sen or 6% at 26.5 sen

Revenue Group Bhd – up five sen or 3.97% at RM1.31

Salcon Bhd – up 1.5 sen or 8.11% at 20 sen

Supermax-C80 warrants – up RM1.36 or 20.45% at RM8.01

Techfast Holdings Bhd – up half a sen or 1.23% at 41 sen

TFP Solutions Bhd – up half a sen or 5% at 10.5 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.