KUALA LUMPUR (Dec 10): theedgemarkets.com highlighted twelve stocks with momentum at Bursa Malaysia's afternoon close today. One stock displayed positive momentum. While eleven stocks displayed negative momentum.

The stock with positive momentum was:

Ancom Bhd - up four sen at 55 sen

The stocks with negative momentum were: 

Willowglen MSC Bhd - up 1.5 sen at 51 sen 

Green Ocean Corp Bhd - up one sen at 11.5 sen 

Silver Ridge Holdings Bhd- up half a sen at 27 sen

Idimension Consolidated Bhd - down half a sen at three sen 

Tashin Holdings Bhd - up half a sen at 29.5 sen

TDM Bhd - up half a sen at 31 sen 

Hiap Teck Venture Bhd - up two sen at 22.5 sen 

Wong Engineering Bhd - up 1.5 sen at 55 sen 

Degem Bhd - up one sen RM1.08

SCGM Bhd - fell four sen at RM1.52

Quality Concrete Holdings Bhd - up 29.5 sen at RM1.10 

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 recommendations. 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 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.