KUALA LUMPUR (Dec 27): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. Three stocks showed positive momentum while three had negative momentum.

Stocks with positive momentum were:

K-STAR Sports Ltd – up one sen at 9.5 sen

Pentamaster Corp Bhd – up seven sen at RM3.07

Petron Malaysia Refining & Marketing Bhd – up 76 sen at RM13.80

Stocks with negative momentum were:

CAM Resources Bhd – unchanged at 40 sen

ConnectCounty Holdings Bhd – up three sen at 22.5 sen

Theta Edge Bhd – down 2.5 sen at 47 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