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

The stocks with positive momentum were:

Ideal Jacobs (Malaysia) Corporation Bhd – up 1 sen at 33.5 sen

Wang-Zheng Bhd – up 11 sen at RM1.50

Stocks with negative momentum were:

Plenitude Bhd – up 7 sen at RM1.80

Daiman Development Bhd – up 2 sen at RM2.35

Top Glove Corporation Bhd – up 24 sen at RM5.74

YSP Southeast Asia Holding Bhd – up 18 sen at RM2.65

Crest Builder Holdings Bhd – up 11 sen at RM1.11

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.