KUALA LUMPUR (May 29): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks displayed positive momentum while five stocks showed negative momentum.

The stocks with positive momentum were:
Careplus Group Bhd – up 4 sen or 13.56% at 33.5 sen
OKA Corp Bhd – up 4 sen or 2.6% at RM1.58

The stocks with negative momentum were:
DKLS Industries Bhd – down 5 sen or 2.36% at RM2.07
JF Technology Bhd – up 11 sen or 8.03% at RM1.48
Kumpulan Fima Bhd – up 3 sen or 1.56% at RM1.95
Ta Win Holdings Bhd – up 1 sen or 1.18% at 86 sen
Wing Tai Malaysia Bhd – up 1 sen or 0.56% at RM1.79

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.