KUALA LUMPUR (Feb 4): theedgemarkets.com highlighted seven stocks at Bursa Malaysia’s afternoon close on Friday (Feb 4). Four indicated negative momentum, while three showed positive momentum.

The stocks with negative momentum were:

Carimin Petroleum Bhd — up 3.5 sen at 93 sen

Hextar Industries Bhd — up 1.5 sen at 28.5 sen

Hibiscus Petroleum Bhd — up five sen at RM1.05

WTK Holdings Bhd — unchanged at 48.5 sen

The stocks with positive momentum were:

NCT Alliance Bhd — up 1.5 sen at 55.5 sen

South Malaysia Industries Bhd — up 2.5 sen at 27.5 sen

Texchem Resources Bhd — up 10 sen at RM1.39

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