KUALA LUMPUR (Oct 21): theedgemarkets.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon market close today. All stocks came with negative momentum.

The stocks with negative momentum are:

Sarawak Cable Bhd -  up two sen at RM1.50

Seacera Group Bhd - down three sen at 77.5 sen

TDM Bhd - up two sen at 72 sen

Sasbadi Holdings Bhd - flat at RM2.75

Reach Energy Bhd -  flat at 62.5 sen

Cocoaland Holdings Bhd - up one sen at RM2.68

Sapura Resources Bhd - up five sen at RM1.09

Can-One Bhd - up 15 sen at RM2.90

Inari Amertron Bhd - up 14 sen at RM3.61

NCB Holdings Bhd - up three sen at RM4.38

Chee Wah Corp Bhd - up 6.5 sen at 78.5 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.)