KUALA LUMPUR (March 29): theedgemalaysia.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Friday. Three stocks showed positive momentum, while three stocks showed negative momentum.

The stocks with positive momentum were:

    Haily Group Bhd — up 9.2% to four sen at 47.5 sen;

    Poh Kong Holdings Bhd — up 3.85% or 3.5 sen at 94.5 sen;

    Unitrade Industries Bhd — unchanged at 30.5 sen.

The stocks with negative momentum were:

    MMAG Holdings Bhd —  up 8.57% or 1.5 sen at 19 sen;

    Southern Score Builders Bhd — up 15% or 4.5 sen at 34.5 sen;

    Tomei Consolidated Bhd — up 7.04% or 10 sen at RM1.52.

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