KUALA LUMPUR (April 14): theedgemarkets.com has highlighted 13 stocks with momentum at afternoon market close today.

One stock shows positive momentum while 12 stocks show negative momentum.

The stocks with positive momentum are:

Ann Joo Resources Bhd up 1 sen at RM1.18

The stocks with negative momentum are:

Eonmetall Group Bhd up 2.5 sen at 31.5 sen

Ekovest Bhd up 4 sen at RM1.32

Choo Bee Metal Industries Bhd up 10 sen at RM1.65

Berjaya Auto Bhd down 4 sen at RM2.19

Lee Swee Kiat Group Bhd up 1 sen at 29 sen

Gabungan AQRS Bhd up 2.5 sen at 88 sen

MK Land Holdings Bhd up 0.5 sen at 37.5 sen

PWF Consolidated Bhd up 11 sen at RM1.36

Prestariang Bhd down 1 sen at RM2.89

Silk Holdings Bhd down 0.5 sen at 41.5 sen

Lion Industries Corporation Bhd down 1 sen to 41.5 sen

LB Aluminium Bhd up 2 sen at 56.5 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.

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.