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KUALA LUMPUR (Jan 7): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia's afternoon close today. The list showed one stock with positive momentum and ten with negative momentum.

The stock with positive momentum was:

Ancom Logistics Bhd - up 0.5 sen at 6.5 sen 

Stocks with negative momentum were:

Alam Maritim Resources Bhd - unchanged at 18.5 sen 

AppAsia Bhd - up 2 sen at 20.5 sen 

Dataprep Holdings Bhd - up 2 sen at 22.5 sen 

JCY International Bhd - up 1.5 sen at 33.5 sen 

Kronologi Asia Bhd - up 5.5 sen at 89.5 sen 

LB Aluminium Bhd - up 1 sen at 58.5 sen 

mTouche Technology Bhd - up 1 sen at 11 sen 

SCC Holdings Bhd  - unchanged at 49 sen 

Vortex Consolidated Bhd - up 0.5 sen at 24.5 sen

Willowglen MSC Bhd - up 4.5 sen at 61 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
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