KUALA LUMPUR (Sept 28): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed four with positive momentum and one with negative momentum.

Stocks with positive momentum were:

Pantech Group Holdings Bhd – up one sen at 68 sen

Petaling Tin Bhd – down two sen at 37.5 sen

Ta Win Holdings Bhd – up four sen at RM1.36

Wong Engineering Corp Bhd – up 8.5 sen at 86 sen

The stock with negative momentum was :

Hubline Bhd – unchanged at 11 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.