KUALA LUMPUR (March 27): theedgemarkets.com highlighted 18 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and 17 with negative momentum.

The stock with positive momentum was:
 
Astino Bhd - up 10 sen at 85 sen

The stock with negative momentum included :

Systech Bhd - up 1.5 sen at 30 sen

Superlon Holdings Bhd - up 18 sen at RM2.88

AirAsia Bhd - up 13 sen at RM2.98

Ornapaper Bhd - up five sen at RM1.05

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.