KUALA LUMPUR (Dec 30): theedgemalaysia.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close on Monday. Two stocks showed positive momentum, while six stocks showed negative momentum.

The stocks with positive momentum were:
Southern Cable Group Bhd (KL:SCGBHD) — up five sen or 4.27% at RM1.22;
Crescendo Corp Bhd (KL:CRESNDO) — up four sen or 2.65% at RM1.55.

The stocks with negative momentum were:
Eversendai Corp Bhd (KL:SENDAI) — up four sen or 6.61% at 64.5 sen;
Xin Synergy Group Bhd (KL:XIN) — up half a sen or 2.22% at 23 sen;
Willowglen MSC Bhd (KL:WILLOW) — unchanged at 31 sen;
GDB Holdings Bhd (KL:GDB) — up 1.5 sen or 4.29% at 36.5 sen;
MN Holdings Bhd (KL:MNHLDG) — up seven sen or 5.93% at RM1.25;
ECA Integrated Solution Bhd (KL:ECA) — down 1.5 sen or 5.17% at 27.5 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.