Fintec, Pohuat, Sasbadi, DGSB, Gets, Hubline, Inari, Iris, VSolar

KUALA LUMPUR (July 1):  theedgemarkets.com has highlighted nine stocks with momentum at noon market close today. Three stocks displayed positive momentum, while six showed negative momentum.

The stocks with positive momentum were:

Fintec Global Bhd - rose one sen at seven sen

Poh Huat Resources Holdings Bhd - rose 13 sen at RM1.18

Sasbadi Holdings Bhd - rose 2.5 sen at 14 sen

The stocks with negative momentum were:

Diversified Gateway Solutions Bhd - rose one sen at 13 sen

Gets Global Bhd - fell half a sen at 10 sen

Hubline Bhd - rose half a sen at 6.5 sen

Inari Amertron Bhd - rose seven sen at RM1.76

Iris Corp Bhd - rose one sen at 19.5 sen

VSolar Group Bhd - rose three sen at 9.5 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.