KUALA LUMPUR (May 27): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. All stocks showed negative momentum.

The stocks with negative momentum were:

CI Holdings Bhd — up 18 sen at RM2.65

Matrix Concepts Holdings Bhd — up six sen at RM2.02

Privasia Technology Bhd —  up eight sen at 34 sen

Sedania Innovator Bhd — up 16 sen at RM1.36

Securemetric Bhd — up 1.5 sen at 18 sen

Sand Nisko Capital Bhd — up 16 sen at 94 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