KUALA LUMPUR (Dec 16): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's afternoon close today. Three stocks displayed positive momentum while four stocks displayed negative momentum.

The stock with positive momentum were:

Insas Bhd - up 0.5 sen at 89 sen

OKA Corp Bhd - up 3.5 sen at 70.5 sen

SIG Gases Bhd - up one sen at 97 sen

The stock with negative momentum were:

GDB Holdings Bhd - up one sen at 53.5 sen

Kumpulan H & L High Tech Bhd - up five sen at RM1.20

Karyon Industries Bhd - unchanged at 17.5 sen

Wong Engineering Corp Bhd - fell two sen at  56 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