KUALA LUMPUR (Mar 15): theedgemarkets.com highlighted 15 stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks showed positive momentum while 13 had negative momentum

Stocks with positive momentum were :

Ancom Logistics Bhd – up 1 sen at 11 sen

Euro Holdings Bhd – up 1.5 sen at 25 sen

Stocks with negative momentum were:

Ewein Bhd – up 2.5 sen at 85 sen

Tatt Giap Group Bhd – up half a sen at 13 sen

Benalec Holdings Bhd – up 2 sen at 59 sen

Knusford Bhd – up 6 sen at RM1.53

EKA Noodles Bhd – up 1.5 sen at 10 sen

LCTH Corp Bhd – up 1 sen at 59 sen

SCGM Bhd – up 16 sen at RM 3.83

Gromutual Bhd – up 2 sen at 51 sen

JF Technology Bhd – up 2.5 sen at 56 sen

Censof Holdings Bhd – up 2 sen at 33 sen

Careplus Group Bhd – up 2 sen at 30 sen

Technodex Bhd – up 1 sen at 17 sen

Konsortium Transnasional Bhd – unchanged at 16 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.