KUALA LUMPUR (Oct 29): theedgemarkets.com highlighted eleven stocks at Bursa Malaysia's afternoon market close today. Five stocks showed positive momentum while six showed negative momentum.

Stocks with positive momentum were:

EA Holdings Bhd - up 0.5 sen at 10.5 sen

Mudajaya Group Bhd - unchanged at RM1.20

Muda Holdings Bhd - up seven sen at RM1.37

Sapura Resources Bhd - up four sen at RM1.40

B.I.G Industries Bhd - up two sen at 59.5 sen

Stocks with negative momentum were:

Taliworks Corp Bhd - down one sen at RM3.75

Bioalpha Holdings Bhd - down 1.5 sen at 29.5 sen

Asia Poly Holdings Bhd - up one sen at 72.5 sen

EG Industries Bhd - up 1.5 sen at 73 sen

SLP Resources Bhd - up three sen at RM1.84

P.I.E Industrial Bhd - up 45 sen at RM7.50

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.

(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. Go to www.theedgemarkets.com for details on a company’s financial dashboard.)