KUALA LUMPUR (Jan 29): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed three with positive momentum and four with negative momentum.

Stocks with positive momentum were: 

FACB Industries Inc Bhd – up 8 sen at RM1.64
    
T7 Global Bhd – up 1 sen at 59.5 sen 

Pansar Bhd – down 0.5 sen at 49.5 sen 

Stocks with negative momentum were:

Kretam Holdings Bhd – up 3.5 sen at 72 sen 

Amway (M) Holdings Bhd – up 10 sen at RM8.10    

Astino Bhd – up 3 sen at RM1.14

Spring Gallery Bhd – up 23 sen at RM1.03    

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