KUALA LUMPUR (April 26): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia's afternoon market close today. Three stocks showed positive momentum while six had negative momentum.
 
Stocks with positive momentum were :

Pantech Group Holdings Bhd - up 3.5 sen at 64.5 sen

Paramount Corp Bhd - up seven sen at RM1.85

TSR Capital Bhd - up one sen at 76 sen

Stocks with negative momentum were :

Success Transformer Corp Bhd - up 16 sen at RM3.67

Tekala Corp Bhd - up 1.5 sen at 44.5 sen 

Kumpulan Powernet Bhd - up four sen at 46 sen

Harrisons Holdings (M) Bhd - up 12 sen at RM4.02

SMRT Holdings Bhd - down one sen at 27.5 sen

Oceancash Pacific Bhd - up 4.5 sen at 76 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.
 
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.