KUALA LUMPUR (Mar 15): theedgemarkets.com highlighted eighteen stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed one stocks with positive momentum and 17 with negative momentum.

Stocks with positive momentum were:

OCK Group Bhd — up 3.5 sen at 61.5 sen

Stocks with negative momentum were:

UCrest Bhd — up one sen at 29 sen

Orion IXL Bhd — unchanged at 18 sen

Bahvest Resources Bhd — up four sen at 71 sen

Tri-Mode System (M) Bhd — up two sen at 45 sen

Iskandar Waterfront City Bhd — up three sen at 75.5 sen

Hiap Teck Venture Bhd — up one sen at 32 sen

Marine & General Bhd — up 0.5 sen at 10 sen

Can-One Bhd — up 18 sen at RM3.10

SeaLink International Bhd — up three sen at 22.5 sen

Tambun Indah Bhd — up four sen at 82 sen

Berjaya Food Bhd — up nine sen at RM1.60

PCCS Group Bhd — up 2.5 sen at 40.5 sen

Master-Pack Group Bhd — up six sen at 82 sen

Uzma Bhd — up two sen at RM1.07

Eden Inc Bhd — up 0.5 sen at 12.5 sen

Taliworks Corp Bhd — up 3.5 sen at 91 sen

Sinmah Capital Bhd — up 2.5 sen at 23.5 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