KUALA LUMPUR (Jan 8): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's afternoon close today. The list showed two stocks with positive momentum and five with negative momentum.

Stocks with positive momentum were:
Alam Maritim Resources Bhd -- up 1 sen at 19 sen
Connectcounty Holdings Bhd -- up 1 sen at 10.5 sen

Stocks with negative momentum were:
Dataprep Holdings Bhd -- unchanged at 22.5 sen
Formosa Prosonic Industries Bhd -- down four sen at RM1.64
Malaysian Genomics Resource Centre Bhd -- down 1 sen at 40 sen  
Mtouche Technology Bhd -- down 0.5 sen at 10.5 sen
Poh Kong Holdings Bhd -- up 5.5 sen at 59.5 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