KUALA LUMPUR (Jan 12): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday (Jan 12). One indicated positive momentum, while seven displayed negative momentum.

The stock with positive momentum was:

Cuscapi Bhd – down 4.5 sen to 36 sen

The stocks with negative momentum were:

Aimflex Bhd – up one sen to 17 sen

TT Vision Holdings Bhd – down five sen to 35 sen

Ecofirst Consolidated Bhd – up four sen to 48.5 sen

Pacific & Orient Bhd (P&O) – up 1.5 sen to 97 sen

Grand Hoover Bhd – up eight sen to RM1.12

Jade Marvel Group Bhd – up one sen to 69.5 sen

AHB Holdings Bhd – down one sen to 28 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