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

The stocks with positive momentum were:

Classic Scenic Bhd — up one sen at 70 sen

Focus Point Holdings Bhd — unchanged at 80 sen

The stocks with negative momentum were:

Global Oriental Bhd (GOB) — up 2.5 sen at 33 sen

Kejuruteraan Asastera Bhd (KAB) — down 2.5 sen at 41.5 sen

Sapura Energy Bhd — unchanged at 8.5 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