KUALA LUMPUR (March 22): theedgemalaysia.com highlighted one stock with positive momentum, and eight stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.

Tex Cycle Technology (M) Bhd — unchanged at 96.5 sen

ViTrox Corp Bhd — unchanged at RM7.35

Inta Bina Group Bhd— up half a sen or 1.5% at 33.5 sen

MN Holdings Bhd — unchanged at 68 sen

SNS Network Technology Bhd — unchanged at 27.5 sen

Turiya Bhd — up half a sen at 1.8% at 28 sen

Guan Chong Bhd — up half a sen at or 2.3% at RM2.27

Sunway Construction Group Bhd (SunCon) — up 23% or 8.4% at RM2.96

Fajarbaru Builder Group Bhd — up half a sen or 1.4% at 35.5 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