KUALA LUMPUR (Jan 16): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock show positive momentum while five show negative momentum.

Stock with positive momentum was:

TH Heavy Engineering Bhd – up 1.5 sen to 13 sen

Stocks with negative momentum were:

Sino Hua-An International Bhd – down nine sen to 55.5 sen

Sumatec Resources Bhd – up 1.5 sen to 12 sen

T7 Global Bhd – up 0.5 sen to 51 sen

Transocean Holdings Bhd – down 0.5 sen to 64.5 sen

Vizione Holdings Bhd – down one sen to 18 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