KUALA LUMPUR (Nov 27): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock shows positive momentum while three stocks show negative momentum.

Stock with positive momentum was:

China Ouhua Winery Holdings Ltd (valuation: 0.9; fundamental: 1.8) down half sen at 11.5 sen

Stocks with negative momentum were:

DGB Asia Bhd (valuation: 0; fundamental: 1.2) up half sen at 15 sen

Malaysia Steel Works (KL) Bhd (valuation: 1.5; fundamental: 0.9) up eight sen to RM1.59

Cab Cakaran Corp Bhd (valuation: 1.1; fundamental: 1.1) flat at RM1.08

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.