Wong, EG, G3, GDB, Hexrtl, K1, Magni, MClean, Resintc

KUALA LUMPUR (June 24): theedgemalaysia.com highlighted one stock with positive momentum and eight stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.

The stocks with positive momentum were:

Wong Engineering Corp Bhd (KL:WONG) — up five sen to 40.5 sen

The stocks with negative momentum were:

EG Industries Bhd (KL:EG) — up 26 sen to RM1.99

G3 Global Bhd (KL:G3) — unchanged at three sen

GDB Holdings Bhd (KL:GDB) — up 4.5 sen to 37.5 sen

Hextar Retail Bhd (KL:HEXRTL) — unchanged at 73 sen

K-One Technology Bhd (KL:K1) — up 1.5 sen to 31 sen

Magni-Tech Industries Bhd (KL:MAGNI) — up four sen to RM2.44

MClean Technologies Bhd (KL:MCLEAN) — up 3.5 sen to 32 sen

Resintech Bhd (KL:RESINTC) — down half a sen to 59 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