KUALA LUMPUR (Sept 26): theedgemarkets.com highlighted eighteen stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed two stocks with positive momentum and sixteen with negative momentum.

Stocks with positive momentum were:

Sino Hua-An International Bhd — up one sen at 3.5 sen

MTD ACPI Engineering Bhd — up five sen at 39.5 sen

Stocks with negative momentum were:

Amalgamated Industrial Steel Bhd — up 0.5 sen at 62 sen

AYS Ventures Bhd — up one sen at 40.5 sen

Elsoft Research Bhd — up one sen at RM1.82

FCW Holdings Bhd — up 21 sen at RM1.20

icapital.biz Bhd — up three sen at RM2.40

Ideal Jacobs (M) Corp Bhd — up two sen at 20 sen

K.Seng Seng Corp Bhd – up two sen at 51 sen

LB Aluminium Bhd – up three sen at 72 sen

Leon Fuat Bhd – up 2.5 sen at 60.5 sen

Lion Industries Corp Bhd – up four sen at 51 sen

Leader Steel Holdings Bhd – up 3.5 sen at 55.5 sen

Malaysia Steel Works (KL) Bhd (Masteel) – up 13.5 sen at RM1.03

Melewar Industrial Group Bhd – up 4.5 sen at 62.5 sen

Paragon Union Bhd – up 0.5 sen at 35 sen

Tatt Giap Group Bhd – up 1.5 sen at 14.5 sen

Tien Wah Press Holdings Bhd – up one sen at RM1.87

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.