KUALA LUMPUR (Jan 28): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia's afternoon close today. The list showed one stock with positive momentum and eight with negative momentum.

The stock with positive momentum was:

ES Ceramic Technology Bhd — up 8 sen at 0.34 sen

Stocks with negative momentum were:

Careplus Group Bhd — up 13 sen at 36.5 sen
Comfort Gloves Bhd — up 8 sen at 97 sen
Hartalega Holdings Bhd — up 30 sen at RM6.33
KESM Industries Bhd — down 56 sen at RM11.44
LKL International Bhd — up 5 sen at 24 sen
MClean Technologies Bhd — down 1 sen at 24 sen
Rubberex Corp (M) Bhd — up 6.5 sen at 67 sen
Top Glove Corp Bhd — up 46 sen at RM6

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