KUALA LUMPUR (June 13): theedgemarkets.com highlighted 13 stocks with momentum at Bursa Malaysia’s afternoon market close today. Four stocks positive momentum while nine showed negative momentum.

The stocks with positive momentum were:

Genetec Technology Bhd – unchanged at RM1.10

Ideal Jacobs (Malaysia) Corp Bhd – up 4 sen at 43 sen

Lien Hoe Corp Bhd – up half a sen at 41.5 sen

Brem Holding Bhd – up 2 sen at RM1.04

The stocks with negative momentum were:

Comfort Gloves Bhd – down half a sen at 83 sen

Selangor Dredging Bhd – up 3 sen at 97.5 sen

Wah Seong Corp Bhd – up 2.5 sen at 99 sen

Chuan Huat Resources Bhd – up 2 sen at 65.5 sen

Luxchem Corp Bhd – up 3 sen at RM1.83

Y.S.P Southeast Asia Holding Bhd – up 15 sen at RM2.80

BSL Corp Bhd – up 2.5 sen at 61.5 sen

Eco World Development Group Bhd – up 6 sen at RM1.65

LB Aluminum Bhd – up 3.5 sen at 85 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.