KUALA LUMPUR (Oct 5): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks show positive momentum while five stocks show negative momentum.

Stocks with positive momentum are:

Palette Multimedia Bhd (valuation: 0; fundamental: 0.95) flat at 34.5 sen

VSolar Group Bhd (valuation: 0; fundamental: 1.05) up one sen at 12.5 sen

Stocks with negative momentum are:

Efficient E-Solutions Bhd (valuation: 0.3; fundamental: 0.6) up three sen at 41 sen

Mexter Technology Bhd (valuation: 0; fundamental: 0.95) up 4.5 sen to 48.5 sen

Rev Asia Bhd (valuation: 2.1; fundamental: 2.15) up 3.5 sen at 58 sen

Dutaland Bhd (valuation: 1.1; fundamental: 1.5) up three sen at 67 sen

Boon Koon Group Bhd (valuation: 0.3; fundamental: 0.95) up two sen at 53.5 sen

BTM Resources Bhd (valuation: 0.3; fundamental: 1.65) up 1.5 sen at 35 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.