KUALA LUMPUR (April 10): theedgemarkets.com highlighted seventeen stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed all with negative momentum.

Stocks with negative momentum included:

A&M Realty Bhd – up 8 sen or 5.23% at RM1.61

Amtel Holdings Bhd – down 6.5 sen or 9.09% at 65 sen

BSL Corp Bhd – up 6.5 sen or 11.50% at 63 sen

Hwa Tai Industries Bhd – down 1.5 sen or 2.56% at 57 sen

Ideal United Bintang Bhd – unchanged at 85 sen

Jerasia Capital Bhd – up 3 sen or 4.48% at 70 sen

MNRB Holdings Bhd – up 9 sen or 3.35% at RM2.78

Rexit Bhd – up 8 sen or 10.67% at 83 sen

Watta Holding Bhd – up 1.5 sen or 3.90% at 40 sen

Willowglen MSC Bhd – up 21 sen or 20.59% at RM1.23

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.