KUALA LUMPUR (Jan 10): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks displayed positive momentum while the other seven showed negative momentum.

Stocks with positive momentum were:

MB World Group Bhd - up 10 sen or 4.54% at RM2.30

Sumatec Resources Bhd - up 0.5 sen or 7.69% at 7 sen

Stocks with negative momentum were:

AppAsia Bhd - up 1 sen or 2.47% at 41.5 sen

Caely Holdings Bhd - up 9 sen or 7.83% at RM1.24

Edaran Bhd - up 23 sen or 40.71% at 79.5 sen

Sungei Bagan Rubber Company (Malaya) Bhd - unchanged at RM3.12

Silver Ridge Holdings Bhd - up 1 sen or 5.26% at 20 sen

UMW Oil & Gas Corp Bhd - up 1 sen or 2.35% at 43.5 sen

Utusan Melayu (Malaysia) Bhd - up 9 sen or 20.23% at 53.5 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