KUALA LUMPUR (Oct 27): theedgemarkets.com has highlighted ten stocks with momentum at afternoon market close today. Three stocks showed positive momentum while the other seven displayed negative negative momentum.

The stocks with positive momentum were:

TMC Life Sciences Bhd up 3 sen to 85.5 sen

Vizione Holdings Bhd up 1 sen to 17 sen

TH Heavy Engineering Bhd up 3 sen to 12 sen

The stocks with negative momentum were:

M3 Technologies (Asia) Bhd up 0.5 sen to 15.5 sen

Hua Yang Bhd up 0.5 sen to 83.5 sen

Tas Offshore Bhd up 1 sen to 33.5 sen

Muar Ban Lee Group Bhd up 3 sen to RM1.35

Bina Puri Holdings Bhd unchanged at 38 sen

Komarkcorp Bhd unchanged at 27 sen

Bright Packaging Industry Bhd up 1.5 sen to 30 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.