KUALA LUMPUR (Nov 19): theedgemarkets.com has highlighted 21 stocks with momentum at afternoon market close today. One stock show positive momentum, while 20 stocks show negative momentum.

Stock with positive momentum is:

D.B.E. Gurney Resources Bhd gained 1 sen at 6 sen

Stocks with negative momentum are:

EA Holdings Bhd gained 1 sen at 12.5 sen

Stone Master Corporation Bhd gained 3.5 sen at 33.5 sen

Chin Well Holdings Bhd gained 0.8 sen at RM1.56

N2N Connect Bhd gained 4.5 sen at 96.5 sen

Jadi Imaging Holdings Bhd gained 0.5 sen at 10 sen

SYF Resources Bhd gained 1.5 sen at 52 sen

Oriental Food Industries Holdings Bhd gained 5 sen at RM2.24

Kim Hin Industry Bhd gained 9 sen at RM2.16

Halex Holdings Bhd gained 0.5 sen at 54 sen

Kumpulan Fima Bhd gained 5 sen at RM1.85

Borneo Aqua Harvest Bhd gained 25 sen at RM1.19

Asia Media Group Bhd gained 0.5 sen at 3 sen

Tien Wah Press Holdings Bhd gained 11 sen at RM2.63

Nationwide Express Courier Services Bhd gained 10 sen at 90 sen

Instacom Group Bhd gained 4.5 sen at 31 sen

Tan Chong Motor Holdings Bhd gained 6 sen at RM2.94

Minetech Resources Bhd gained 0.5 sen at 7.5 sen

Frontken Corp Bhd gained 1.5 sen at 26.5 sen

UPA Corp Bhd unchanged at RM1.75

Pinehill Pacific Bhd gained 1 sen at 30 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.

(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. Go to www.theedgemarkets.com for details on a company’s financial dashboard.)