KUALA LUMPUR (Nov 24): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday. Two stocks displayed positive momentum, while five showed negative momentum.

Stocks with positive momentum were:

Caely Holdings Bhd – down one sen at 45.5 sen

Gagasan Nadi Cergas Bhd – unchanged at 35 sen

Stocks with negative momentum were:

Brem Holdings Bhd – unchanged at 78 sen

Heng Huat Resources Group Bhd – up 6.5 sen at 90.5 sen

Jade Marvel Group Bhd – up five sen at 67 sen

Rimbunan Sawit Bhd – up 0.5 sen at 23.5 sen

WZ Satu Bhd – up 2.5 sen at 25.5 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