KUALA LUMPUR (Dec 28): theedgemarkets.com has highlighted 10 stocks with momentum at afternoon market close today. All the stocks show negative momentum.

Inch Kenneth Kajang Rubber Plc, unchanged at 70 sen.

Comintel Corp Bhd, up 9.5 sen or 12.75% at 84 sen.

PRG Holdings Bhd, unchanged at 90 sen.

Dolomite Corp Bhd, up 1 sen or 2.13% at 48 sen.

Chee Wah Corp Bhd, up 11 sen or 7.59% at RM1.56.

OKA Corp Bhd, up 2 sen or 2.14% at 95.5 sen.

CWorks Systems Bhd, up 2.5 sen or 7.25% at 37 sen.

GSB Group Bhd, down 0.5 sen or 3.85% at 12.5 sen.

NTPM Holdings Bhd, up 1.5 sen or 1.78% at 86sen.

 Apollo Food Holdings Bhd, up 29 sen or 5.16% at RM5.19.

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.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations. Go to www.theedgemarkets.com for details on a company’s financial dashboard.)