KUALA LUMPUR (April 25): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and three with negative momentum.

The stocks with positive momentum are:

Len Cheong Holding Bhd up one sen 37 sen

Iskandar Waterfront City Bhd up 4.5 sen at 95 sen

The stocks with negative momentum are:

Spring Gallery Bhd up 27 sen at RM1.23

Plastrade Technology Bhd up half sen at 18.5 sen

Tatt Giap Bhd down one sen at 16.5 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.