KUALA LUMPUR (Oct 13): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks had positive momentum while four showed negative momentum.

Stocks with positive momentum were:

Asian Pac Holdings Bhd – up 1.5 sen at 18 sen

XOX Bhd – down 0.5 sen at 11.5 sen

Stocks with negative momentum were:

Ancom Logistics Bhd – up 1 sen at 13.5 sen

Asia Bioenergy Technologies Bhd – up 2 sen at 22.5 sen

MESB Bhd – up 2 sen at RM1.19

Tanco Holdings Bhd – up 1.5 sen at 14.5 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.