KUALA LUMPUR (Nov 24): theedgemarkets.com highlighted 14 stocks at Bursa Malaysia’s afternoon market close today. Three stocks had positive momentum while 11 showed negative momentum.

Stocks with positive momentum were:

Thong Guan Industries Bhd — up four sen at RM2.61

Asia File Corp Bhd — up 47 sen at RM5.33

Oriented Media Group Bhd — up two sen at 55 sen

Stocks with negative momentum were:

EA Holdings Bhd — down 0.5 sen at 13.5 sen

Advanced Packaging Technology Bhd — down 12 sen at RM2.24

Boilermech Holdings Bhd — up seven sen at RM1.21

Vitrox Corp Bhd — up eight sen at RM3.36

Kawan Food Bhd — up three sen at RM2.88

Samchem Holdings Bhd — down 0.5 sen at 88 sen

Kim Hin Industry Bhd — up 12 sen at RM2.56

Oriental Interest Bhd — up 14 sen at RM4.29

Tatt Giap Group Bhd — down 1.5 sen at 15 sen

Muda Holdings Bhd — up 26 sen at RM2.14

C.I. Holdings Bhd — down eight sen at RM2.65

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.)