KUALA LUMPUR (Oct 26): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and nine with negative momentum.

The stocks with positive momentum are:

Can-One Bhd (valuation: 1.8; fundamental: 1.1) up seven sen at RM3.16

Gadang Holdings Bhd (valuation: 3; fundamental: 01.7) up five sen at RM1.51

The stocks with negative momentum are:

Lii Hen Bhd (valuation: 2.1; fundamental: 2.5) up six sen at RM2.58

TPC Plus Bhd (valuation: 0.5; fundamental: 0.75) down one sen at 53 sen

M.Mode Bhd (valuation: 1.8; fundamental: 1.45) up two sen at 45 sen

TAS Offshore Bhd (valuation: 1.5; fundamental: 1.2) up nine sen at 75 sen

OKA Corp Bhd (valuation: 2.4; fundamental: 2.4) up 2.5 sen at 91 sen

Padini Holidngs Bhd (valuation: 1.5; fundamental: 2.8) up six sen at RM1.53

Sapura Resources Bhd (valuation: 2; fundamental: 1.4) up nine sen at RM1.33

Kobay Technology Bhd (valuation: 1.4; fundamental: 2.5) up seven sen at RM1.59

Pantech Group Holdings Bhd (valuation: 2.4; fundamental: 1.3) up half sen 66.5 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.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)