KUALA LUMPUR (May 21): theedgemarkets.com has highlighted 12 stocks with momentum at Bursa Malaysia's afternoon market close today. All 12 stocks show negative momentum.

Stocks with negative momentum are:

Rexit Bhd (fundamental: 1.95; valuation: 1.3) down 0.5 sen at 42 sen

Advance Synergy Bhd (fundamental: 1.65; valuation: 1.2) up 0.5 sen at 16.5 sen

Harbour-Link Group Bhd (fundamental: 1.7; valuation: 1.8) up two sen at RM2.02

China Automobile Parts Holdings Ltd (fundamental: 1.95; valuation: 1.8) up five sen at 55 sen

MBM Resources Bhd (fundamental: 1.4; valuation: 1.4) up five sen at RM3.49

Hock Seng Lee Bhd (fundamental: 2.6; valuation: 1.2) up one sen at RM1.95

D'Nonce Technology Bhd (fundamental: 0.95; valuation: 0.9) up 1.5 sen at 47 sen

Century Logistics Holdings Bhd (fundamental: 2.6; valuation: 2.4) up 2.5 sen at 91.5 sen

Power Root Bhd (fundamental: 2.1; valuation: 1.5) up five sen at RM1.93

Rubberex Corp (M) Bhd (fundamental: 1.4; valuation: 2.6) up three sen at 73.5 sen

Prolexus Bhd (fundamental: 2.8; valuation: 1.8) up five sen at RM1.92

KKB Engineering Bhd (fundamental: 1.95; valuation: 1.4) up seven sen at RM2.05

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.

(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. Go to www.theedgemarkets.com for details on a company’s financial dashboard.)