KUALA LUMPUR (June 20): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks showed positive momentum while three others showed negative momentum.

The stocks with positive momentum are:

Ornapaper Bhd (fundamental: 1; valuation: 2) up four sen at RM1.30

Xian Leng Holdings Bhd (fundamental: 2.25; valuation: 0.9) up four sen at 56 sen

The stocks with negative momentum are:

Pasukhas Group Bhd (fundamental: 0.95; valuation: 0) up one sen at 17 sen

Ancom Bhd (fundamental: 0.55; valuation: 1.5) down 2.5 sen at 92.5 sen

Kumpulan Powernet Bhd (fundamental: 0.8; valuation: 0) up two sen at 78 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.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)