KUALA LUMPUR (Sept 26): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia's afternoon close today. Three stocks had positive momentum while three showed negative momentum.

Stocks with positive momentum were:

Widad Group Bhd - unchanged at 27.5 sen
 
OCK Group Bhd - unchanged at 62 sen

Globetronics Technology Bhd - up eight sen at RM2

Stocks with negative momentum were:

MMAG Holdings Bhd - up 2.5 sen at 34 sen

Mintye Bhd - up one sen at RM1.31

Pansar Bhd - down 0.5 sen at 58.5 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.

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