KUALA LUMPUR (Feb 23): theedgemarkets.com highlighted 14 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed three with positive momentum and 11 with negative momentum.

Stocks with positive momentum were:

Chee Wah Corp Bhd – up five sen at RM1.44
Media Chinese International Ltd – down 0.5 sen at 64.5 sen
Petron Malaysia Refining & Marketing Bhd – up RM1.16 at RM5.79

Stocks with negative momentum included :

SIG Gases Bhd – up 2.5 sen at 59.5 sen
Lii Hen Industries Bhd – down 11 sen at RM3.41
Chin Hin Group Bhd – up one sen at 99.5 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.