KUALA LUMPUR (June 16): theedgemarkets.com highlighted two stocks with momentum at Bursa Malaysia’s noon close on Thursday (June 16). Both stocks displayed positive momentum.

The stocks were:

Minda Global Bhd — unchanged at 7.5 sen

PGF Capital Bhd — up one sen at RM1.06

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