KUALA LUMPUR (June 8): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday (June 8). All six indicated negative momentum.

The stocks with negative momentum were:

IFCA MSC Bhd – up 2.5 sen at 36.5 sen

Artroniq Bhd – up eight sen at 72 sen

Shin Yang Shipping Corp Bhd – up three sen at 45.5 sen

Dynaciate Group Bhd – up 3.5 sen at 20.5 sen

Kumpulan Jetson Bhd – down 2.5 sen at 29 sen

Lay Hong Bhd – down two sen at 28 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.

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