KUALA LUMPUR (Aug 6): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close today.

All seven stocks displayed negative momentum.

They were:

ARK Resources Holdings Bhd – up three sen at 66 sen

Encorp Bhd – down one sen at 32 sen

Insas Bhd – up three sen at 92 sen

Microlink Solutions Bhd – down seven sen to RM2.55

PJBumi Bhd – down six sen at 53 sen

SAM Engineering & Equipment (M) Bhd – up RM2.62 at RM14.90

Techbond Group Bhd – up one sen at 53 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.