KUALA LUMPUR (Aug 1): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and five with negative momentum.

The stock with positive momentum was:

Systech Bhd – up three sen to 39 sen

The stocks with negative momentum were:

Hengyuan Refining Company Bhd – down 28 sen to RM7.58

Key Asic Bhd – down two sen to 15 sen

Kronologi Asia Bhd – up 7.5 sen to 88 sen

Saudee Group Bhd – up three sen to 45 sen

Voir Holdings Bhd – up two sen to 86.5 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.