KUALA LUMPUR (Sept 23):  theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's noon market close today. One stock displayed positive momentum while five stocks displayed negative momentum.

The stock with positive momentum was:

LYC Healthcare Bhd - up three sen to 39 sen

The stocks with negative momentum were:

CapitaLand Malaysia Mall Trust (CMMT) - unchanged at RM1.07

Elsoft Research Bhd - up 2.5 sen at 94.5 sen

Hai-O Enterprise Bhd - up one sen at RM2.53

Mega First Corp Bhd (MFCB) - up 13sen at RM4.70

PRG Holdings Bhd - up five sen at RM1.04

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