KUALA LUMPUR (Nov 29): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon close on Monday (Nov 29). Two stocks showed positive momentum, while four indicated negative momentum.

The stocks with positive momentum were:

Alliance Bank Malaysia Bhd (ABMB) — rose seven sen to RM2.83

Ajiya Bhd — fell 2.5 sen to 83.5 sen

The stocks with negative momentum were:

Brem Holding Bhd — rose 27 sen to RM1.16

Kotra Industries Bhd — rose 25 sen to RM3

Jade Marvel Group Bhd — unchanged at 68.5 sen

Apex Equity Holdings Bhd — unchanged at 91 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