KUALA LUMPUR (July 9): theedgemalaysia.com highlighted two stocks with positive momentum and nine stocks with negative momentum at Bursa Malaysia's afternoon close on Tuesday.

Karyon Industries Bhd (KL:KARYON) — up 1.5 sen or 6.7% at 24 sen

HPMT Holdings Bhd (KL:HPMT) — up two sen or 5.7% at 37 sen

Zecon Bhd (KL:ZECON) — up 1.5 sen or 2.9% at 52.5 sen

Pharmaniaga Bhd (KL:PHARMA) — up 1.5 sen or 3.9% at 40 sen

Ewein Bhd (KL:EWEIN) — six sen or 5.5% at RM1.16

K-One Technology Bhd (KL:K1) — up three sen or 10.2% at 32.5 sen

Peterlabs Holdings Bhd (KL:PLABS) — up half a sen or 2.3% at 22.5 sen

L&P Global Bhd (KL:L&P) — down 2.5 sen or 4.3% at 55.5 sen

Hiap Teck Venture Bhd (KL:HIAPTEK) — up half a sen or 1% 48.5 sen

Affin Bank Bhd (KL:AFFIN) — up 17 sen or 6.5% at RM2.77

Bintai Kinden Corp Bhd (KL:BINTAI) — up half a sen or 5.3% at 10 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