KUALA LUMPUR (Nov 27): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum while four showed negative momentum.

Stocks with positive momentum were:

Pinehill Pacific Bhd – up 5.5 sen at 42.5 sen

Willowglen MSC Bhd – up 3.5 sen at 50.5 sen

Stocks with negative momentum were:

AppAsia Bhd – unchanged at 13.5 sen

Oversea Enterprise Bhd - up 0.5 sen at 13 sen

Sanichi Technology Bhd – unchanged at 5 sen

Tek Seng Holdings Bhd – up 1.5 sen at 32 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 recommendations. 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 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