KUALA LUMPUR (April 14): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (April 14).

Three stocks displayed positive momentum, while four indicated negative momentum.

The stocks with positive momentum were:

Ekovest Bhd — up 1.5 sen at 46.5 sen

CB Industrial Product Holding Bhd (CBIP) — up eight sen at RM1.75

MNC Wireless Bhd — unchanged at four sen

The stocks with negative momentum were:

Kumpulan Fima Bhd — up four sen at RM2.40

Permaju Industries Bhd — up 1.5 sen at 10 sen

Efficient-E Solutions Bhd — up one sen at 23 sen

SDS Group Bhd — up 1.5 sen at 38.5 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.

For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com