KUALA LUMPUR (July 27): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed four with positive momentum and four with negative momentum.

The stock with positive momentum was:

Aemulus Holdings Bhd – down one sen to 66.5 sen

AYS Ventures Bhd – up four sen to 58.5 sen

Matrix Concepts Holdings Bhd – unchanged at RM2.71

Sanbumi Holdings Bhd – up 0.5 sen to 26 sen

Stocks with negative momentum were:

Boustead Plantations Bhd – up one sen to RM1.66

Kossan Rubber Industries Bhd – up four sen to RM7.05

Lay Hong Bhd – down 0.5 sen to 91.5 sen

ViTrox Corporation Bhd – up 7 sen to RM4.57

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.