KUALA LUMPUR (Nov 18): theedgemarkets.com highlighted 15 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and 14 with negative momentum.

The stock with positive momentum is:

Heveaboard Bhd (valuation: 1.8; fundamental: 2.7) up 13 sen at RM1.49

The stocks with negative momentum are:

EA Holdings Bhd (valuation: 0.3; fundamental: 0.6) up half sen at 11.5 sen

A-Rank Bhd (valuation: 3; fundamental: 1.3) up 15 sen at 61 sen

Lii Hen Industries Bhd (valuation: 2.1; fundamental: 2.5) up 12 sen at RM2.82

Acoustech Bhd (valuation: 1.1; fundamental: 2.5) flat at 62.5 sen

Oceancash Pacific Bhd (valuation: 0.8; fundamental: 1.4) up three sen at 44.5 sen

Jaycorp Bhd (valuation: 1.4; fundamental: 1.4) up eight sen at RM1.09

Opensys (M) Bhd (valuation: 1.5; fundamental: 1.7) up one sen at 31.5 sen

Petron Malaysia Refining & Marketing Bhd (valuation: 0.3; fundamental: 0.5) up four sen at RM3.47

Ideal Sun City Holdings Bhd (valuation: 0; fundamental: 3) flat at 57 sen

Magna Prima Bhd (valuation: 2; fundamental: 1.1) up five sen at RM1.05

Theta Edge Bhd (valuation: 0.9; fundamental: 1.25) up 5.5 sen at 36.5 sen

Yen Global Bhd (valuation: 0.3; fundamental: 0.35) up five sen at 45 sen

Eksons Corp Bhd (valuation: 2.1; fundamental: 2.25) up four sen at RM1.37

Complete Logistic Services Bhd (valuation: 1.1; fundamental: 1.15) up four sen at 78 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.)