Bio Osmo, Caring, Heitech, Karambunai, Takaful, Vsolar

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KUALA LUMPUR (Jan 25): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon market close today. All six displayed negative momentum.

The stocks were:

Bio Osmo Bhd — up 0.5 sen at 5.5 sen

Caring Pharmacy Group Bhd — up 1 sen at RM1.69

Heitech Padu Bhd — down 1.5 sen at 93.5 sen

Karambunai Corp Bhd — up 0.5 sen at 11.5 sen

Syarikat Takaful Malaysia Keluarga Bhd — up 12 sen at RM4.10

Vsolar Group Bhd — up 1 sen at 14 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