KUALA LUMPUR (April 25): theedgemarkets.com highlighted 8 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and seven with negative momentum.

Stock with positive momentum was:

Choo Bee Metal Industries Bhd – up 14 sen to RM2.12

Stocks with negative momentum were:

Caring Pharmacy Group Bhd – unchanged at RM1.47

Green Packet Bhd – up 2.5 sen at 39.5 sen

Malayan Flour Mills Bhd – up 11 sen at RM1.76

Seacera Group Bhd – down 10 sen at RM1.18

Eversendai Corporation Bhd – up 3.5 sen at 83 sen

Smrt Holdings Bhd – up two sen at 27 sen

Tiger Synergy Bhd – up 0.5 sen at 7.5 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.