KUALA LUMPUR (April 25): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon close on Monday (April 25).

Three stocks displayed positive momentum, while eight showed negative momentum.

The stocks with positive momentum were:

TDM Bhd — up two sen at 32 sen

Teck Guan Perdana Bhd — up 10 sen at RM2.12

Techna-X Bhd — up half a sen at 11 sen

The stocks with negative momentum were:

Bonia Corp Bhd — up 12 sen at RM2.35

CAM Resources Bhd — up half a sen at 37 sen

Golden Land Bhd — up four sen at 52 sen

HeveaBoard Bhd — down one sen at 56.5 sen

Keck Seng (Malaysia) Bhd — up five sen at RM3.91

Matang Bhd — up one sen at 12.5 sen

Plenitude Bhd — down six sen at RM1.03

Sarawak Plantation Bhd — up 16 sen at RM3.10

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