KUALA LUMPUR (Oct 20): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed four with positive momentum and two with negative momentum.

The stocks with positive momentum are:

Instacom Group Bhd — up half sen at 22.5 sen

Sarawak Cable Bhd — up two sen at RM1.48

V.S. Industry Bhd — flat at RM1.52

Reach Energy Bhd — up two sen at 63.5 sen

The stocks with negative momentum are:

Chee Wah Corp Bhd — up 4.5 sen at 72 sen

TDM Bhd — up 2.5 sen at 69.5 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.)