KUALA LUMPUR (April 12): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and seven with negative momentum.

Stock with positive momentum were:

Ancom Logistics Bhd – up 1 sen or 9.09% at 12 sen

Mtouche Technology Bhd – up 3 sen or 12.77% at 26.5 sen

Stocks with negative momentum were:

Green Ocean Corp Bhd – up 2 sen or 17.39% at 13.5 sen

HCK Capital Group Bhd – up 77 sen or 14.95% at RM5.92

Kenanga Investment Bank Bhd – up 2 sen or 3.36% at 61.5 sen

PANSAR Bhd – up 3 sen or 6.52% at 49 sen

PJBumi Bhd – down 1 sen or 2.50% at 39 sen

Sersol Bhd – up 4 sen or 17.39% at 27 sen

Silver Ridge Holdings Bhd – down 2.5 sen or 7.58% at 30.5 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.