KUALA LUMPUR (March 31): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and four with negative momentum.

The stocks with positive momentum are:

Oka Corp Bhd down two sen at RM1

Bina Darulaman Bhd up one sen at 74 sen

The stocks with negative momentum are:

Mycron Steel Bhd up 1.5 sen at 41.5 sen

Melewar Industrial Group Bhd flat at 34.5 sen

Scientex Bhd down two sen at RM13

ML Global Bhd down 1.5 sen at 60.5 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.