KUALA LUMPUR (Dec 1): theedgemarkets.com highlighted 13 stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (Dec 1). Only four stocks displayed positive momentum, while the other nine indicated negative momentum.

The stocks with positive momentum were:

Nova MSC Bhd ― up one sen at 11 sen

MAG Holdings Bhd ― unchanged at 19 sen

QES Group Bhd ― up 5.5 sen at 61.5 sen

I-Bhd ― up 1.5 sen at 28.5 sen

The stocks with negative momentum were:

RGB International Bhd ― up one sen at 17.5 sen

Mega Sun City Holdings Bhd ― up half a sen at eight sen

Perak Transit Bhd ― up seven sen at RM1.25

MTAG Group Bhd ― up 2.5 sen at 57 sen

Reservoir Link Energy Bhd ― up 1.5 sen at 42.5 sen

Samaiden Group Bhd ― down three sen at 75.5 sen

Stella Holdings Bhd ― unchanged at RM1

Coastal Contracts Bhd ― up six sen at RM2.29

SMIS Corp Bhd ― up three sen at 76 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