KUALA LUMPUR (March 20): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia's noon market close today. It showed one with positive momentum and three with negative momentum.

The stocks with positive momentum were:

Nexgram Holdings Bhd – unchanged at five sen

The stock with negative momentum was:

Borneo Aqua Harvest Bhd – up three sen at RM1.44

Poly Glass Fibre (M) Bhd – up two sen at 56 sen

Silver Ridge Holdings Bhd – up one sen at 24 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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com