KUALA LUMPUR (Dec 29): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks shows positive momentum while three stocks show negative momentum.

Stocks with positive momentum are:

Sino Hua-An International Bhd — up 5.5 sen at 44 sen

CCM Duopharma Biotech Bhd — up 16 sen at RM2.59

Stocks with negative momentum are:

Nova MSC Bhd — up 1.5 sen at 14 sen

Diversified Gateway Solutions Bhd — up two sen at 14 sen

China Ouhua Winery Holdings Ltd — up 1.5 sen at 12.5 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.

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