KUALA LUMPUR (April 13): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday (April 13).

Two stocks displayed positive momentum, while four indicated negative momentum.

The stocks with positive momentum were:

Matang Bhd — up half a sen at 11.5 sen

Mieco Chipboard Bhd — up four sen at 71.5 sen

The stocks with negative momentum were:

Vortex Consolidated Bhd — down two sen at 17.5 sen

Engtex Group Bhd — up half a sen at 70.5 sen

Mycron Steel Bhd — down three sen at 57.5 sen

Jade Marvel Group Bhd — up two sen at 89 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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com