KUALA LUMPUR (July 19): theedgemalaysia.com highlighted seven stocks with momentum at Bursa Malaysia’s noon market break on Friday. Three stocks showed positive momentum, while the other four stocks showed negative momentum.

Haily Group Bhd (KL:HAILY) — up 5.5 sen or 7.14% at 82.5 sen 

IGB Bhd (KL:IGBB) — down one sen or 0.39% at RM2.54 

Shin Yang Group Bhd (KL:SYGROUP) — up three sen or 3.45% at 90 sen 

HPMT Holdings Bhd (KL:HPMT) — up 1.5 sen or 4% at 39 sen 

HSS Engineers Bhd (KL:HSSEB) — up 13 sen or 11.02% at RM1.31

Komarkcorp Bhd (KL:KOMARK) — up half a sen or 3.33% at 15.5 sen 

Omesti Bhd (KL:OMESTI) — up 2.5 sen or 13.89% at 20.5 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