KUALA LUMPUR (Aug 22): 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.

Stock with positive momentum was:

Tomei Consolidated Bhd - up three sen to 74.5 sen

Stocks with negative momentum were: 

 Kuchai Development Bhd - up four sen to RM1.31

 MLabs Systems Bhd - up 2.5 sen to 24.5 sen

Saudee Group Bhd - up 0.5 sen to 52 sen

Star Media Group Bhd - up three sen to RM2.41

Straits Inter Logistics Bhd - unchanged at 21.5 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.