KUALA LUMPUR (Nov 17): theedgemarkets.com highlighted 13 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed three with positive momentum and 10 with negative momentum.

The stocks with positive momentum are:

Sig Cases Bhd (valuation: 2; fundamental: 1.6) up 2.5 sen at 65.5 sen

Palette Multimedia Bhd (valuation: 0.3; fundamental: 1.25) down half sen at 4.5 sen

Ta Ann Holdings Bhd (valuation: 2; fundamental: 2.3) up 11 sen at RM4.20

The stocks with negative momentum are:

Eden Inc Bhd (valuation: 0.9; fundamental: 0.15) up one sen at 29 sen

Aluminium Company of Malaysia Bhd (valuation: 1.8; fundamental: 2.25) up four sen at 78 sen

Samchem Holdings Bhd (valuation: 2.2; fundamental: 0.7) up 10.5 sen at 90.5 sen

Ideal Sun City Holdings Bhd (valuation: 0; fundamental: 3) up two sen at 56 sen

Nylex (M) Bhd (valuation: 2; fundamental: 0.75) up half sen at 59.5 sen

Pasukhas Group Bhd (valuation: 0; fundamental: 0.95) down half sen at 23 sen

Dufu Technology Corp Bhd (valuation: 1.1; fundamental: 1.4) up 3.5 sen at 40.5 sen

Weida (M) Bhd (valuation: 2.4; fundamental: 1.7) up 10 sen at RM2.11

Jag Bhd (valuation: 0.6; fundamental: 1.2) flat at 12.5 sen

MCT Bhd (valuation: N/A; fundamental: N/A) up five sen at RM1.26

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.)