KUALA LUMPUR (April 11): theedgemarkets.com highlighted seventeen stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and 16 with negative momentum.

Stock with positive momentum was:

Marco Holdings Bhd – up half a sen or 2.94% at 17.5 sen

Stocks with negative momentum included:

Acoustech Bhd – down half a sen or 0.71% at 69.5 sen

Bison Consolidated Bhd – up 1 sen or 0.48% at RM2.11

Bina Puri Holdings Bhd – up half a sen or 1.10% at 46 sen

EP Manufacturing Bhd – up 3.5 sen or 6.31% at 59 sen

Kerjaya Prospek Group Bhd – up 7 sen or 2.43% at RM2.95

Menang Corp (M) Bhd – up 3 sen or 3.61% at 86 sen

MESB Bhd – up 3.5 sen or 4.22% at 86.5 sen

Malayan Flour Mills Bhd – up 7 sen or 4.64% at RM1.58

MWE Holdings Bhd – up 4 sen or 2.68% at RM1.53

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.