KUALA LUMPUR (July 31): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and nine with negative momentum.

The stocks with positive momentum were:

Hengyuan Refining Company Bhd up 93 sen to RM7.83

Yoong Onn Corp Bhd up 5 sen to RM1.54

The stocks with negative momentum were:

Ajinomoto (Malaysia) Bhd up 38 sen to RM26.06

Elsoft Research Bhd up 5 sen to RM2.85

Guan Chong Bhd up 2 sen to RM1.58

JHM Consolidation Bhd up 13 sen to RM3

Key ASIC Bhd up 1 sen to 16.5 sen

Kronologi Asia Bhd up 4 sen to 75 sen

MTouche Technology Bhd up 3.5 sen to 66 sen

Petron Malaysia Refining & Marketing Bhd up 33 sen to RM9.18

Vitrox Corp Bhd up 1 sen to RM4.61

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.