KUALA LUMPUR (Aug 25): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum, while six showed negative momentum.

The stocks with positive momentum were:

Brahim’s Holdings Bhd — up 2.5 sen at 22 sen 

Formosa Prosonic Industries Bhd — up 24 sen at RM3.68 

The stocks with negative momentum were:

D’nonce Technology Bhd — up four sen at 61 sen

FGV Holdings Bhd — up two sen at RM1.36 

Kelington Group Bhd — up four sen at RM1.31

Pavilion REIT — unchanged at RM1.38

SAM Engineering & Equipment (M) Bhd — down 10 sen at RM16.14

TFP Solutions Bhd — five sen down at 22 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