KUALA LUMPUR (June 22): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon break today. All eight displayed negative momentum.

The stocks were:

Karyon Industries Bhd — up half a sen at 29.5 sen

Kim Hin Joo (Malaysia) Bhd — up 1.5 sen at 31 sen 

Olympia Industries Bhd — down 1.5 sen at 13 sen 

Seal Inc Bhd — down one sen at 41.5 sen

Globaltec Formation Bhd — up 8.5 sen at 63.5 sen 

Golden Pharos Bhd — unchanged at 45.5 sen 

SLP Resources Bhd — up four sen at RM1.07 

Mercury Industries Bhd — up 2.5 sen at RM1

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.