KUALA LUMPUR (March 30): theedgemarkets.com highlighted 13 stocks with momentum at Bursa Malaysia’s afternoon market close today. All showed negative momentum.

The stocks with negative momentum are:

Eupe Corp Bhd (fundamental: 0.55; valuation: 0.9) up two sen at 96 sen

M-Mode Bhd (fundamental: 0.6; valuation: 1.2) down half sen at 33 sen

Leweko Resources Bhd (fundamental: 0.65; valuation: 0.9) up three sen at 25.5 sen

Rhone Ma Holdings Bhd (fundamental: N/A; valuation: N/A) up four sen at RM1.01

Hai-O Enterprise Bhd (fundamental: 3; valuation: 1.7) up three sen at RM3.33

Signature International Bhd (fundamental: 3; valuation: 2.4) up 4.5 sen at RM1

KBES Bhd (fundamental: 0.35; valuation: 0.9) up five sen at 29 sen

CAB Cakaran Corp Bhd (fundamental: 1.1; valuation: 1.5) up 11 sen at RM2.12

Kerjaya Prospect Group Bhd (fundamental: 2.3; valuation: 1.8) up eight sen at RM2.56

Zelan Bhd (fundamental: 0; valuation: 0.3) up 1.5 sen at 18 sen

Silver Ridge Holdings Bhd (fundamental: 0.95; valuation: 0) up one at 26 sen

Technodex Bhd (fundamental: 2.25; valuation: 0) flat at 17 sen

Key Alliance Group Bhd (fundamental: 0.95; valuation: 0) up one sen at 6.5 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.