KUALA LUMPUR (May 26): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia's afternoon market close today. Five stocks displayed positive momentum while three stocks showed negative momentum.

The stocks with positive momentum were:
JF Technology Bhd – up 9 sen at RM1.39
Tong Herr Resources Bhd – down 2 sen at RM3.65
Ranhill Holdings Bhd – up 1.5 sen at 89 sen
Sern Kou Resources Bhd – down 2 sen at RM1.24
Crest Builder Holdings Bhd – up 1.5 sen at 99 sen

The stocks with negative momentum were:
Plenitude Bhd – up 2 sen at RM1.71
Elk-Desa Resources Bhd – up 2 sen at RM1.24
Kumpulan Fima Bhd – up 1 sen at RM1.94
 
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.