KUALA LUMPUR (June 5): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. Three with positive momentum and four with negative momentum.

The stocks with positive momentum were:

Ewein Bhd - down 4 sen at 78.5 sen

Kumpulan Perangsang Selangor Bhd - down 1 sen at RM1.77

Parkson Holdings Bhd - down 0.5 sen at 61 sen

The stocks with negative momentum was:

Binasat Communications Bhd - up 1.5 sen at 50.5 sen

D&O Green Technologies Bhd - up 1 sen at 70 sen

GSB Group Bhd - down 0.5 sen at 16 sen

Key Asic Bhd - up 2.5 sen at 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.

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