KUALA LUMPUR (Apr 6): theedgemarkets.com highlighted 16 stocks with momentum at Bursa Malaysia's afternoon market close today. No stocks showed positive momentum while 16  had negative momentum

Stocks with negative momentum were :

Peterlabs Holdings Bhd  - up half a sen at 29 sen

MESB Bhd – up 4.5 sen at 82 sen

Berjaya Assets Bhd – up half a sen at 97 sen

DPS Resources Bhd – up half a sen at 11 sen

SCH Group Bhd – up 1.5 sen at 27 sen

Century Logistics Holdings Bhd – up 8 sen at RM 1.16

Batu Kawan Bhd – down 2 sen at RM19.48

Orion IXL Bhd – up 1 sen at 30 sen

Tien Wah Press Holdings Bhd – up 3 sen at RM2.21

Eastland Equity Bhd – up 1 sen at 26.5 sen

GFM Services Bhd – up 7 sen at 74.5 sen

Gunung Capital Bhd – up1.5 sen at 55 sen

Master-Pack Group Bhd – up 9 sen at 79.5 sen

Pantech Group Holdings Bhd – up 1.5 sen at 58 sen

Thriven Global Bhd – up half a sen at 30.5 sen

Niche Capital Emas Holdings Bhd – up 1.5 sen 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.