KUALA LUMPUR (Jan 8): theedgemarkets.com highlighted eleven stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock showed positive momentum while ten showed negative momentum.

Stock with positive momentum was:

Dayang Enterprise Holdings Bhd – up five sen to 81.5 sen

Stocks with negative momentum were:

Amway (Malaysia) Holdings Bhd – up 16 sen to RM7.56

Caely Holdings Bhd – up 9.5 sen to RM1.07

Econpile Holdings Bhd – up nine sen to RM1.33

Handal Resources Bhd – up 0.5 sen to 26 sen

Kenanga Investment Bank Bhd – up two sen to 59 sen

Kesm Industries Bhd – up 56 sen to RM21.48

Only World Group Holdings Bhd – up seven sen to RM1.53

P.A. Resources Bhd – up one sen to 10.5 sen

T7 Global Bhd – up one sen to 47.5 sen

UMW Oil & Gas Corporation Bhd – up 3.5 sen to 44.5 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

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com