KUALA LUMPUR (March 2): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close today. Two stock displayed positive momentum, while seven showed negative momentum.

Stocks with positive momentum were:

Cepatwawasan Group Berhad – up 3 sen at RM1.16

TH Plantations Bhd – up 2 sen at RM1.08

Stocks with negative momentum were:

Golden Land Bhd – unchanged at 57 sen

Golden Pharos Bhd – up 1 sen at 36.5 sen

Kuala Lumpur Kepong Bhd – up 86 sen at RM26.90

Kretam Holdings Bhd – up 1.5 sen at 77.5 sen

Negri Sembilan Oil Palms Bhd – up 2 sen at RM3.93

Rimbunan Sawit Bhd – up 1.5 sen at 29.5 sen

Ta Ann Holdings Bhd – up 15 sen at RM5.20

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