KUALA LUMPUR (Oct 12): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed three with positive momentum and three with negative momentum.
 
Stocks with positive momentum were:
 
Asiamet Education Group Bhd – up 11 sen at 27.5 sen
 
DGB Asia Bhd – up 1 sen at 7 sen
 
Permaju Industries Bhd – up 2 sen at 37.5 sen
 
Stocks with negative momentum were:
 
Hubline Bhd – up 0.5 sen at 15.5 sen
 
MNC Wireless Bhd – up 2.5 sen at 11.5 sen
 
SWS Capital Bhd – up 1 sen at RM1.19
 
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.