KUALA LUMPUR (June 21): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. Four stocks showed positive momentum and one showed negative momentum.

The stocks with positive momentum are:

Vitrox Corp Bhd (fundamental: 3; valuation: 1.5) up 2.4 sen at RM7.67

Ancom Bhd (fundamental: 0.55; valuation: 1.5) flat at 92 sen

Amanahraya Real Estate Investment Trust (fundamental: 0.7; valuation: 1.7) up one sen at 96.5 sen

Superlon Holdings Bhd (fundamental: 3; valuation: 2.1) up 11 sen at RM2.03

The stock with negative momentum is:

Xian Leng Holdings Bhd (fundamental: 2.25; valuation: 0.9) down 1.5 sen at 58 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.

(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.)