KUALA LUMPUR (Mar 20?): theedgemarkets.com highlighted 17 stocks with momentum at Bursa Malaysia's afternoon market close today. One stock showed positive momentum while 16 had negative momentum

Stocks with positive momentum were:

Dataprep Holdings Bhd – up 15 sen at 59 sen

Stocks with negative momentum were :

Landmarks Bhd – up 5 sen at 89 sen

Kenanga Investment Bank Bhd – up 1.5 sen at 59 sen

Ancom Logistics Bhd – up hald a sen at 11 sen

TSR Capital Bhd – up 3 sen at 66 sen

Tadmax Resources Bhd – up 4 sen at 50 sen

Komarkcorp  Bhd – up 1.5 sen 32 sen

Subur Tiasa Holdings Bhd – up 3 sen at RM1.46

Vsolar Group Bhd – up 1.5 sen at 12 sen

Advance Synergy Bhd – up half a sen at 16 sen

AE Multi Holdings Bhd – up 1 sen at 17 sen

Amtel Holdings Bhd – up 1.5 sen at 65 sen

Mitrajaya Holdings Bhd – up 1 sen RM1.34

Freight Management Holdings Bhd – up 7 sen at RM1.33

Lay Hong Bhd – up 1 sen at 93 sen

PUC Founder (MSC) Bhd up 4.5 sen at 16 sen

Homeritz Corp Bhd – up 2 sen at RM1.01

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.