KUALA LUMPUR (Dec 30): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (Dec 30). Three displayed positive momentum, while one indicated negative momentum.

The stocks with positive momentum were:

CME Group Bhd — up half a sen at 6.5 sen

Gagasan Nadi Bhd — down half a sen at 36.5 sen  

Versatile Creative Bhd — unchanged at 68.5 sen

The stock with negative momentum was:

Country Heights Holdings Bhd — down 16 sen at RM1.82

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.