KUALA LUMPUR (April 19): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's afternoon market close today. One stock showed positive momentum while six had negative momentum.
 
The stock with positive momentum was :

Xin Hwa Holdings Bhd - down one sen at RM1.19

Stocks with negative momentum were :
 
Turbo-Mech Bhd - down one sen at 95 sen 

K-Star Sports Ltd - up one sen at 10 sen 

Grand Hoover Bhd - down three sen at 44 sen

ML Global Bhd - up two sen at RM1.15

Industronics Bhd - down one sen at 31 sen

Tiger Synergy Bhd - unchanged at six 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.