KUALA LUMPUR (Aug 25): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia's afternoon market close today. Three stocks showed positive momentum while six displayed negative momentum.

Stocks with positive momentum were:
 
George Kent (M) Bhd - down three sen at RM2.53
 
Titijaya Land Bhd - up four sen at RM1.60
 
MNRB Holdings Bhd - up 14 sen at RM3.09
 
Stocks with negative momentum were:
 
Inch Kenneth Kajang Rubber Public Ltd Co - unchanged at 71 sen
 
Hibiscus Petroleum Bhd - up 1.5 sen at 21.5 sen
 
Samchem Holdings Bhd - up two sen at 93.5 sen
 
Wong Engineering Corp Bhd - up six sen at 71 sen
 
Classic Scenic Bhd - up seven sen at RM1.79
 
Lien Hoe Corp Bhd - up one sen at 26 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.