KUALA LUMPUR (July 2): theedgemalaysia.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday. One stock showed positive momentum, while eight stocks showed negative momentum.

The stocks with positive momentum was:

    Seng Fong Holdings Bhd (KL:SENFONG) — up 9.5 sen or 9.55% at RM1.09

The stocks with negative momentum were:

    Hiap Teck Venture Bhd (KL:HIAPTEK) — up three sen or 6.82% at 47 sen

    Media Chinese International Ltd (KL:MEDIAC) — down half a sen or 3.57% at 13.5 sen

    Evergreen Fibreboard Bhd (KL:EVERGRN) — up 2.5 sen or 6.49% at 41 sen

    Solid Automotive Bhd (KL:SOLID) — down half a sen or 2.17% at 22.5 sen

    Rohas Tecnic Bhd (KL:ROHAS) — up half a sen or 1.25% at 40.5 sen

    Advance Information Marketing Bhd (KL:AIM) — unchanged at eight sen

    MClean Technologies Bhd (KL:MCLEAN) — up four sen or 10.13% at 43.5 sen

    Cloudpoint Technology Bhd (KL:CLOUDPT) — up 4.5 sen or 5.23% at 90.5 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.

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