KUALA LUMPUR (Jan 24): theedgemarkets.com has highlighted seven stocks with momentum at market close today. All stocks displayed negative momentum.

The stocks with negative momentum were

Careplus Group Bhd – up 1.5 sen at 23.5 sen

Comfort Gloves Bhd – up three sen at 89 sen

Ayer Holdings Bhd – up 10 sen at RM4.55

Carlsberg Brewery Malaysia Bhd – up RM1.50 at RM32

Malaysia Pacific Corp Bhd – up four sen at 14 sen

Kossan Rubber Industries Bhd – up 11 sen at RM4.75

Comintel Corp Bhd – up 14.5 sen at 23.5 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.