KUALA LUMPUR (July 4): theedgemalaysia.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Thursday. One stock showed positive momentum, while eight stocks showed negative momentum.

The stock with positive momentum was:

Mpire Global Bhd (KL:MPIRE) — up two sen or 13.79% at 16.5 sen.

The stocks with negative momentum were:

Sunway Construction Group Bhd (KL:SUNCON) — down 13 sen or 3.13% at RM4.03;

YSP Southeast Asia Holding Bhd (KL:YSPSAH) — up three sen or 1.03% at RM2.94;

Hextar Healthcare Bhd (KL:HEXCARE) — up one sen or 3.77% at 27.5 sen;

Dataprep Holdings Bhd (KL:DATAPRP) — up 2.5 sen or 14.71% at 19.5 sen;

Asia Poly Holdings (KL:ASIAPLY) — unchanged at 12 sen;

Appasia Bhd (KL:APPASIA) — unchanged at 16 sen;

Divfex Bhd (KL:DFX) — up 1.5 sen or 7.32% at 22 sen;

Solid Automotive Bhd (KL:SOLID) — up one sen or 4.35% at 24 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